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Price Signal Summary: USDCLP Heading South


Europe push through the lows, while US holds


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Bears in control at multi-year....>

EURO-DOLLAR TECHS: Bears in control at multi-year lows:
*RES 3: 1.1109 High Sep 12 and key reversal point
*RES 2: 1.1075 High Sep 17
*RES 1: 1.1050 Channel resistance drawn off May 26 high
*PRICE: 1.0943 @ 14:48 GMT Sep 26
*SUP 1: 1.0923 Intraday/multi-year low
*SUP 2: 1.0902 3.0% Lower Bollinger Band
*SUP 3: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
The pair succumbed to further selling pressure Thursday, prompting a fresh
multi-year low print at 1.0923. This puts the recent channel top well out of
range for now with focus shifting to downside targets at the 3.0% Lower
Bollinger Band at 1.0902 and Fib support at 1.0862. A break of these support
levels would confirm a resumption of the downtrend opening levels not seen since
mid 2017. To turn bullish, a move above 1.1109, Sep 13 high is still required.
This would confirm a channel breakout.
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