55-DMA Support Key This Week......>

EURO-DOLLAR TECHS: 55-DMA Support Key This Week

*RES 4: $1.2033 High Sept 20 

*RES 3: $1.2004 High Sept 22 

*RES 2: $1.1957 Hourly support Sept 22 now resistance 

*RES 1: $1.1937 Low Sept 22 now resistance

*PRICE: $1.1930 @ 0200GMT

*SUP 1: $1.1891 Hourly support Sept 21 

*SUP 2: $1.1877 Daily Bull channel base 

*SUP 3: $1.1862 Low Sept 20 

*SUP 4: $1.1834 Low Sept 14

*COMMENTARY: The daily bull channel base continued to confirm significance with

support again emerging on dips following the aggressive sell-off Wednesday. The

55-DMA is key support this week with bears needing a close below to confirm a

break of the $1.1822 and the bull channel base, shifting focus to

$1.1583-1.1658. Bulls now look for a close above $1.1957 to retain focus on

$1.2027-1.2092 where the Bollinger top ($1.2027) & 2017 highs are situated.