Bears Focused On $1.1583-1.1661...>

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

*RES 4: $1.1833 Low Sept 25 now resistance 

*RES 3: $1.1824 55-DMA 

*RES 2: $1.1793 Hourly resistance Oct 2 

*RES 1: $1.1780 Hourly resistance Oct 2

*PRICE: $1.1746 @ 1930GMT

*SUP 1: $1.1730 Alternating hourly support/resistance 

*SUP 2: $1.1696 Low Oct 3 

*SUP 3: $1.1675 Daily Bear channel base 

*SUP 4: $1.1661 Low Aug 17

*COMMENTARY: Recent failures around the 55-DMA and ahead of the $1.1862

resistance have resulted in fresh 2mth lows although follow through has been

lacking courtesy of the Bollinger band base ($1.1712). Bears currently focus on

$1.1583-1.1661 with the 100-DMA just beneath at $1.1577. O/S studies and the

Bolli base remain key concerns for bears. Bulls look for a close above $1.1780

to hint at a correction back to $1.1824-62.