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: $1.1739 @ 0430GMT

*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

($1.1743) before bouncing from $1.1687. 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.