$1.1883-87 The Next Band Of.......>

EURO-DOLLAR TECHS: $1.1883-87 The Next Band Of Support As Decline Continues

*RES 4: $1.2060 1% volatility band

*RES 3: $1.2030 Sep 11 high

*RES 2: $1.1995 Intraday high

*RES 1: $1.1960 Hourly resistance

*PRICE: $1.1891 @1528GMT 

*SUP 1: $1.1883/87 Swing $1.1926-$1.199576.4% $1.1823-$1.2093

*SUP 2: $1.1868 Sep 5 low

*SUP 3: $1.1823/28 Aug 31 low, Equality fall from $1.1995

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

*COMMENTARY* The pullback from Friday's $1.2093 high has now broken below

support from the 61.8% Fibo retrace level at $1.1926, having failed to recover

any more than $1.1995 in the interim. Now looking at the $1.1883-$1.1887 area

for next support and clues. Meanwhile, resistance comes from $1.1960, ahead of

the day's high at that $1.1995 level. Lose $1.1883 and likely looking at a

further $1.1828-$1.1823 decline.