1.1847 Break Still The Marker.....>

EURO-DOLLAR TECHS: 1.1847 Break Still The Marker For Fresh Upside Interest

*RES 4: $1.2008 2% volatility band

*RES 3: $1.1911/21 Aug 2 high, equality rise from $1.1119

*RES 2: $1.1890 1% volatility band

*RES 1: $1.1847 Aug 11 high

*PRICE: $1.1757 @1550GMT 

*SUP 1: $1.1755 Hourly support

*SUP 2: $1.1720/30 Hourly base Aug 18, Aug 21 low

*SUP 3: $1.1654/62 1% volatility band, Aug 17 low

*SUP 4: $1.1625 Equality fall from $1.1847 to $1.1911-$1.1689

*COMMENTARY* The recovery from last week's dip to $1.1662 continues but without

as yet a break back above the Aug 11 high at $1.1847. Really need to see levels

above here, before the belief in the upside will return and for a higher

$1.1890-$1.1921 rise. As a result, support also on the move, $1.1755-$1.1720 the

initial area of interest and protection against a renewed downside push, with

$1.1662-$1.1654 the brake to anything more serious at present.