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EURO-DOLLAR TECHS: Channel Base Defied - For Now:
*RES 3: 1.1034 Channel resistance drawn off May 26 high
*RES 2: 1.1025 High Sep 23
*RES 1: 1.0967 High Sep 26
*PRICE: 1.0932 @ 15:52 GMT Oct 1
*SUP 1: 1.0879 Intraday low
*SUP 2: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
*SUP 3: 1.0854 3.0% Lower Bollinger Band
EURUSD remains heavy following Monday's renewed selling pressure and Tuesday's
follow through, which hit a fresh multi-year low at 1.0879, as prices move
further away from the channel top. The channel base was rejected Tuesday,
however, as broad-based USD selling defied EUR/USD bears. The focus remains on
the 3.0% Lower Bollinger Band at 1.0854 and Fibonacci level at 1.0862. An
extension lower would see the pair trading at levels not seen since mid 2017.
The channel base drawn off the May 26 high is at 1.0795. Resistance is at