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Bears Reconfirm Dominance *RES....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bears Reconfirm Dominance
*RES 4: $1.1800 Hourly support Oct 25 now resistance 
*RES 3: $1.1785 Hourly resistance Oct 26 
*RES 2: $1.1725 Low Oct 23 now resistance 
*RES 1: $1.1690 Hourly support Oct 26 now resistance
*PRICE: $1.1648 @ 1930GMT
*SUP 1: $1.1611 Low July 26
*SUP 2: $1.1583 High July 18 now support 
*SUP 3: $1.1538 Daily bear channel base 
*SUP 4: $1.1478 Low July 20
*COMMENTARY: The marginal break of the bear channel top remained capped by the
55-DMA ($1.1838) and ahead of the key $1.1880 resistance. The sharp sell-off
leaves the pair looking heavy with the close below the 100-DMA ($1.1673) seeing
bearish focus shift to $1.1478-1.1583 where the daily bear channel base is
found. Layers of resistance add weight to the bearish case with bulls now
needing a close above $1.1725 to ease bearish pressure.

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