Bulls Need Close Above $1.1769....>

EURO-DOLLAR TECHS: Bulls Need Close Above $1.1769

*RES 4: $1.1909 2017 High Aug 2 

*RES 3: $1.1861 Hourly support Aug 3 now resistance 

*RES 2: $1.1810 Hourly support Aug 14 now resistance 

*RES 1: $1.1769 Hourly support Aug 15 now resistance

*PRICE: $1.1740 @ 0210GMT

*SUP 1: $1.1687 Low Aug 15 

*SUP 2: $1.1648 Low July 27 

*SUP 3: $1.1611 Low July 26 

*SUP 4: $1.1571 Daily Bull channel base

*COMMENTARY: Failure to trouble $1.1861 resulted in a dip below the 21-DMA

($1.1741) before bouncing from the below $1.1690 support. The sell-off leaves

the pair looking a little heavy but a close below $1.1687 is needed to add

weight to the case for a move initially targeting $1.1571-1.1648. Layers of

resistance are accumulating with bulls needing a close above $1.1769 to ease

bearish pressure and above $1.1861 to shift focus back to $1.1909-1.2012.