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

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

*RES 4: $1.1957 Hourly support Sept 22 now resistance 

*RES 3: $1.1937 Low Sept 22 now resistance 

*RES 2: $1.1891 Hourly support Sept 21 now resistance 

*RES 1: $1.1862 Low Sept 20 now resistance

*PRICE: $1.1859 @ 0200GMT

*SUP 1: $1.1833 Low Sept 25 

*SUP 2: $1.1822 Low Aug 31 

*SUP 3: $1.1798 55-DMA 

*SUP 4: $1.1709 Low Aug 18

*COMMENTARY: Pressure on the daily bull channel base has resulted in a break and

close below with immediate pressure on $1.1798-1.1822 where the 55-DMA is noted.

Bears need a close below the 55-DMA to confirm a break of $1.1822 and the bull

channel base, shifting focus to $1.1583-1.1658. Bulls now need a close above

$1.1891 to gain breathing room and above $1.1957 to retain focus on

$1.2028-1.2092 where the Bollinger top & 2017 highs are situated.