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Bears Need Close Below $1.1916....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bears Need Close Below $1.1916
*RES 4: $1.2254 High Dec 25 2014 
*RES 3: $1.2119 Daily Bull channel top 
*RES 2: $1.2092 Low Jan 1 2016 now res 
*RES 1: $1.1983 2017 High Aug 28
*PRICE: $1.1970 @ 0200GMT
*SUP 1: $1.1943 Hourly resistance Aug 28 now support 
*SUP 2: $1.1916 Hourly support Aug 25 
*SUP 3: $1.1890 Hourly resistance Aug 25 now support 
*SUP 4: $1.1861 Alternating hourly support/resistance
*COMMENTARY: Fresh 2017 highs continue tor the pair as bulls focus on the daily
bull channel top around $1.2119. Daily studies have room to move before O/B is
an issue but the Bollinger top ($1.1949) is now a concern for bulls. Layers of
support continue to build with bears now needing a close below $1.1916 to ease
bullish pressure and below $1.1828 to shift focus back to $1.1663-65 where the
bull channel base is noted.

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