Bulls Need Close Above $1.1861....>

EURO-DOLLAR TECHS: Bulls Need Close Above $1.1861

*RES 4: $1.2095 Low Dec 31 2014 now resistance 2 

*RES 3: $1.1909 2017 High Aug 2 

*RES 2: $1.1861 Hourly support Aug 3 now support 

*RES 1: $1.1829 Low Aug 3 now resistance

*PRICE: $1.1808 @ 0430GMT

*SUP 1: $1.1768 Hourly support Aug 7 

*SUP 2: $1.1723 Low July 31 

*SUP 3: $1.1671 Low July 28 

*SUP 4: $1.1648 Low July 27

*COMMENTARY: Failure to break the recent 2017 high combined with daily studies

looking to correct from O/B have taken their toll with a sell-off Friday that

eased bullish pressure and hints at a move back to $1.1583-1.1655 where the

21-DMA ($1.1659) is located. Bears need a close below $1.1723 to add weight to

their case. Layers of resistance remain with bulls needing a close above $1.1861

to return focus to 2017 highs.