$1.1883-87 Left Behind As Key.....>

EURO-DOLLAR TECHS: $1.1883-87 Left Behind As Key $1.1823-38 Area Comes Into View

*RES 4: $1.2040 Hourly highs Sep 8

*RES 3: $1.1995 Sep 13 high

*RES 2: $1.1965 Hourly base Sep 13, now resistance

*RES 1: $1.1926 Sep 12 low, now resistance

*PRICE: $1.1895 @0830GMT 

*SUP 1: $1.1866/68 Intraday low, Sep 5 low

*SUP 2: $1.1823/28 Aug 31 low, Equality fall from $1.1995

*SUP 3: $1.1790 5 month rising support line

*SUP 4: $1.1764/73 76.4% of $1.1662-$1.2093, Aug 25 low

*COMMENTARY* The pullback from Friday's $1.2093 high broke below support from

the 61.8% Fibo retrace level at $1.1926, on Wednesday, having failed to recover

any more than $1.1995 in the interim. Now below the $1.1883-$1.1887 area, which

leaves the way open for a test to the next key area around $1.1828-$1.1823.

Meanwhile, resistance comes from $1.1926, with $1.1965-$1.1995 of more

consequence higher.