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Bears Focused On 1.1583-1.1669....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bears Focused On 1.1583-1.1669
*RES 4: $1.1858 High Oct 19 
*RES 3: $1.1826 Hourly resistance Oct 20 
*RES 2: $1.1790 Hourly resistance Oct 20a 
*RES 1: $1.1763 Hourly resistance Oct 23
*PRICE: $1.1745 @ 1930GMT
*SUP 1: $1.1716 Hourly resistance Oct 6 now support 
*SUP 2: $1.1669 Low Oct 6 
*SUP 3: $1.1661 Low Aug 17 
*SUP 4: $1.1658 100-DMA
*COMMENTARY: Rallies the past two weeks have remained capped ahead of the daily
bear channel top with the pair remaining heavy and focus now having shifted to
layers of support $1.1583-1.1669. Daily studies are well place for further
downside. Resistance layers building are weighing with layers of resistance
$1.1826-80 key. Bulls need a close above $1.1880 to confirm a break of the bear
channel top and shift focus back to $1.2033.

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