Capped Ahead Of Key Resistance....>

EURO-DOLLAR TECHS: Capped Ahead Of Key Resistance

*RES 4: $1.1880 High Oct 12 

*RES 3: $1.1858 High Oct 19 

*RES 2: $1.1826 Hourly resistance Oct 20 

*RES 1: $1.1790 Hourly resistance Oct 20a

*PRICE: $1.1769 @ 0430GMT

*SUP 1: $1.1731 Low Oct 18 

*SUP 2: $1.1716 Hourly resistance Oct 6 now support 

*SUP 3: $1.1669 Low Oct 6 

*SUP 4: $1.1661 Low Aug 17

*COMMENTARY: Rallies the past two weeks have remained capped ahead of the daily

bear channel top with the pair ending the week on a heavy note and immediate

focus on $1.1731 to start the new week. Bears need a close below $1.1731 to

reconfirm focus on $1.1583-1.1669. Resistance layers building are weighing with

layers of resistance $1.1826-80 key. Bulls continue to look for a close above

$1.1880 to shift focus back to $1.2033.