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EGB OPTIONS

Downside Bund play

EUR

Exchange traded option

$1.1995-$1.2030 The Bar To........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.1995-$1.2030 The Bar To Renewed Upside Potential
*RES 4: $1.2093 Sep 8 high
*RES 3: $1.2030 Sep 11 high
*RES 2: $1.1988/95 Sep 15, Sep 13 highs
*RES 1: $1.1970 Hourly resistance
*PRICE: $1.1956 @1520GMT 
*SUP 1: $1.1875/90 Hourly support
*SUP 2: $1.1837 Sep 14 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* Thursday's fall found a base at $1.1837, just above the next key
area between $1.1823-$1.1828. The latter also the 1% volatility band today.
Meanwhile, the subsequent recovery has met with resistance from below the the
Sep 13 high at $1.1995. A rally through here and then the Sep 11 high at
$1.2030, is now the stumbling block to renewed upside potential. Support rises
to $1.1890-$1.1875 and this protects the downside against renewed pressure.