$1.1993-$1.2033 Provides Near.....>

EURO-DOLLAR TECHS: $1.1993-$1.2033 Provides Near Term Resistance

*RES 4: $1.2093 Sep 8 high

*RES 3: $1.2064 1% volatility band

*RES 2: $1.2033/34 76.4% of $1.2093-$1.1837, Sep 20 high

*RES 1: $1.1993/03 76.4% of $1.2033-$1.1861, intraday high

*PRICE: $1.1993 @0847GMT 

*SUP 1: $1.1945/55 Hourly support

*SUP 2: $1.1915/25 Hourly low/high Sep 21

*SUP 3: $1.1891 Hourly base Sep 21

*SUP 4: $1.1861 Sep 20 low

*COMMENTARY* Unable break through key 76.4% Fibo resistance from $1.2033 on

Wednesday, before giving way to some corrective pressure. This has seen a move

down to $1.1861 but so far has left the important $1.1823 support intact. As a

result, became oversold and the subsequent recovery is now back challenging into

$1.1993-$1.2033 resistance again. Meanwhile, support $1.1955-$1.1915, with

$1.1891-$1.1861 below. Above $1.2033 and on track for $1.2064-$1.2093 again.