Capped Ahead Of Key Resistance....>

EURO-DOLLAR TECHS: Capped Ahead Of Key Resistance

*RES 4: $1.2033 High Sept 20 

*RES 3: $1.1923 Bollinger band top 

*RES 2: $1.1880 High Oct 12 

*RES 1: $1.1858 High Oct 19

*PRICE: $1.1826 @ 1930GMT

*SUP 1: $1.1822 Hourly resistance Oct 19 now support 

*SUP 2: $1.1769 Hourly support Oct 19 

*SUP 3: $1.1731 Low Oct 18 

*SUP 4: $1.1716 Hourly resistance Oct 6 now support

*COMMENTARY: Downside follow through has been lacking the past two days as

support emerges on dips back to the 200-WMA ($1.1692). The recovery from the

week's lows so far has stalled ahead of the daily bear channel top ($1.1853) and

key $1.1880 resistance. Bulls need a close above $1.1880 to shift focus to

$1.2033. Bears now need a close below $1.1731 to reconfirm focus on

$1.1583-1.1669.