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Capped Ahead Of Bear Channel......>

EURO-DOLLAR TECHS: Capped Ahead Of Bear Channel Top
*RES 4: $1.2033 High Sept 20 
*RES 3: $1.1894 Daily Bear channel top 
*RES 2: $1.1880 High Oct 12 
*RES 1: $1.1853 Hourly resistance Oct 12
*PRICE: $1.1845 @ 0200GMT
*SUP 1: $1.1825 Hourly support Oct 12 
*SUP 2: $1.1795 Hourly support Oct 10 
*SUP 3: $1.1756 Hourly resistance Oct 9 now support 
*SUP 4: $1.1739 Hourly support Oct 10
*COMMENTARY: The break of the $1.1862 resistance has so far lacked follow
through with the pair capped ahead of the daily bear channel top Thursday. The
$1.1795 support remains key today. Bears continue to look for a close below
$1.1795 to shift focus back to the $1.1583-1.1661 region. While $1.1795 supports
bulls look for a close above the channel top to add support to the case for a
test of $1.2033-92.

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