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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.

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