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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

Bears Focused On $1.1583-1.1656...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bears Focused On $1.1583-1.1656
*RES 4: $1.1824 High Aug 8 
*RES 3: $1.1802 Hourly support Aug 8 now resistance 
*RES 2: $1.1777 Alternating hourly support/resistance 
*RES 1: $1.1768 Hourly support Aug 7 now resistance
*PRICE: $1.1749 @ 2030GMT
*SUP 1: $1.1715 Low Aug 8 
*SUP 2: $1.1671 Low July 28 
*SUP 3: $1.1656 21-DMA 
*SUP 4: $1.1648 Low July 27
*COMMENTARY: Bears take comfort in the sell-off that adds weight to the case for
a move back to $1.1583-1.1656 where the 21-DMA ($1.1656) is located. Bears now
need a close below $1.1715 to add further weight to their case. Layers of
resistance are accumulating with bulls needing a close above $1.1777 to ease
immediate bearish pressure and above $1.1824 to hint at a retest of 2017 highs.