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Bulls need to build on bounce:....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls need to build on bounce:
*RES 4: 1.1164 High Aug 26
*RES 3: 1.1142 Trendline resistance drawn off the Jun 25 high
*RES 2: 1.1098 High Aug 28
*RES 1: 1.1027 Low Aug 1 and former bear trigger
*PRICE: 1.0963 @ 15:43 GMT Sep 3
*SUP 1: 1.0926 Intraday Low
*SUP 2: 1.0912/03 3.0% Lower Boll Band/Bear channel base drawn off Jun 25 high
*SUP 3: 1.0889 1.618% swing of 1.1027 - 1.1250
*SUP 4: 1.0864 76.4% retracement of the Jan 2017 - Feb 2018 rally
EURUSD looked particularly weak throughout European hours before staging a
modest, dollar-led, recovery ahead of the close. This has yet to shift the
outlook more positive, with bulls needing to take out the Aug 1 lows at 1.1027
and the Aug28 highs to repair the outlook. In the meantime, a return lower looks
likely, with vol support at 1.0912 the first target should the pair hit new
cycle lows. The bear channel base underpins at 1.0903.

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