Bears Focused On $1.1583-1.1661...>

EURO-DOLLAR TECHS: Bears Focused On $1.1583-1.1661

*RES 4: $1.1862 Low Sept 20 now resistance 

*RES 3: $1.1833 Low Sept 25 now resistance 

*RES 2: $1.1793 Hourly resistance Oct 2 

*RES 1: $1.1768 Hourly support Oct 2 now resistance

*PRICE: $1.1742 @ 1930GMT

*SUP 1: $1.1730 Low Oct 2 

*SUP 2: $1.1709 Low Aug 18 

*SUP 3: $1.1661 Low Aug 17 

*SUP 4: $1.1611 Low July 26

*COMMENTARY: Bulls failed to trouble $1.1862 Friday with the pair looking a

little heavy. Bulls continue to look for a close above $1.1862 to hint at a move

back to $1.2033-92 with above the 21-DMA ($1.1899) to confirm. While $1.1862

caps bears retain the upper hand and remain focused on $1.1583-1.1661 with a

close below $1.1709 to add weight. The Bollinger base ($1.1734) is the key

concern for bears and recently limited follow through.