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EURO-DOLLAR TECHS: Bears Eye The Channel Base:
*RES 4: 1.1075 High Sep 17
*RES 3: 1.1034 Channel resistance drawn off May 26 high
*RES 2: 1.1025 High Sep 23
*RES 1: 1.0967 High Sep 26
*PRICE: 1.0896 @ 09:23 GMT Oct 1
*SUP 1: 1.0879 Intraday low
*SUP 2: 1.0863 3.0% Lower Bollinger Band
*SUP 3: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
*SUP 4: 1.0821/39 April/May 2017 Low
EURUSD is heavy following yesterday's renewed selling pressure and today's
earlier follow through printing a fresh multi-year low at 1.0879, as prices move
further away from the channel top. The focus is on the 3.0% Lower Bollinger Band
at 1.0863 and Fibonacci level at 1.0862. An extension lower would see the pair
trading at levels not seen since mid 2017. The channel base drawn off the May 26
high is at 1.0795. Resistance is at 1.0967.