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Bear Channel Top Capping *RES.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bear Channel Top Capping
*RES 4: $1.2092 2017 High Sept 8 
*RES 3: $1.2019 High Sept 20 
*RES 2: $1.1891 Hourly support Sept 21 now resistance 
*RES 1: $1.1879 Daily Bear channel top
*PRICE: $1.1861 @ 0930GMT
*SUP 1: $1.1831 Hourly resistance Oct 11 now support 
*SUP 2: $1.1795 Hourly support Oct 10 
*SUP 3: $1.1756 Hourly resistance Oct 9 now support 
*SUP 4: $1.1739 Hourly support Oct 10
*COMMENTARY: The break of the $1.1862 resistance has so far lacked follow
through with the pair capped by the daily bear channel top off 2017 highs. The
$1.1795-1.1831 support region is now key. Bears need a close below $1.1831 to
ease immediate bullish pressure and below $1.1795 to shift focus back to the
$1.1583-1.1661 region. Daily studies are well placed for a fresh leg higher with
bulls needing a close above $1.1891 to target $1.2019-92.

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