Bulls Need Close Above $1.1862....>

EURO-DOLLAR TECHS: Bulls Need Close Above $1.1862

*RES 4: $1.1937 Low Sept 22 now resistance 

*RES 3: $1.1891 Hourly support Sept 21 now resistance 

*RES 2: $1.1862 Low Sept 20 now resistance 

*RES 1: $1.1833 Low Sept 25 now resistance

*PRICE: $1.1789 @ 0205GMT

*SUP 1: $1.1757 Low Sept 26 

*SUP 2: $1.1709 Low Aug 18 

*SUP 3: $1.1661 Low Aug 17 

*SUP 4: $1.1611 Low July 26

*COMMENTARY: Losses have defined the week so far with bears taking comfort in

the pair flirting with the 55-DMA ($1.1804) and focus having shifted to layers

of support $1.1583-1.1658. The Bollinger base ($1.1719) is the key concern for

bears and currently limits follow through. Layers of resistance are adding to

bearish confidence with bulls now needing a close above $1.1862 to ease

immediate bearish pressure.