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: $1.1847 @ 0430GMT

*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.