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$1.1861 Resistance Key *RES 4:....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.1861 Resistance Key
*RES 4: $1.2001 Daily Bull channel top 
*RES 3: $1.1909 2017 High Aug 2 
*RES 2: $1.1861 Hourly support Aug 3 now resistance 
*RES 1: $1.1810 Hourly support Aug 14 now resistance
*PRICE: $1.1785 @ 0200GMT
*SUP 1: $1.1768 Hourly support Aug 15 
*SUP 2: $1.1747 Low Aug 11 
*SUP 3: $1.1734 21-DMA 
*SUP 4: $1.1690 Low Aug 9
*COMMENTARY: Bulls took comfort in support emerging on dips back towards the
21-DMA last week and look for a close above $1.1861 to confirm focus on
$1.1909-1.2001 where 2017 highs and the bull channel top are noted. Support
layers remain with bears needing a close below $1.1747 to retain pressure on the
21-DMA. Bears need a close below $1.1690 to add weight to their case for a move
that initially targets $1.1560-1.1648.

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