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Bulls Need Close Above $1.1861....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Need Close Above $1.1861
*RES 4: $1.2012 Daily Bull channel top 
*RES 3: $1.1909 2017 High Aug 2 
*RES 2: $1.1861 Hourly support Aug 3 now resistance 
*RES 1: $1.1810 Hourly support Aug 14 now resistance
*PRICE: $1.1789 @ 0200GMT
*SUP 1: $1.1763 Hourly support Aug 16 
*SUP 2: $1.1730 Hourly support Aug 16a 
*SUP 3: $1.1683 Low Aug 16 
*SUP 4: $1.1648 Low July 27
*COMMENTARY: Bulls gained confidence from support emerging on attempts to gain
traction below $1.1700 with a close above $1.1861 needed to return focus to
$1.1909-1.2023 where 2017 highs and bull channel top are located. Support layers
are building. Initial support is noted at $1.1763 with bears needing a close
below to gain breathing room and below $1.1630 to see pressure back on the now
key $1.1683 support.

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