Channel top holding firm: *RES....>

EURO-DOLLAR TECHS: Channel top holding firm:

*RES 4: 1.1164 High Aug 26

*RES 3: 1.1111/51 2% Upper Bollinger Band / 1.0% 10-dma envelope

*RES 2: 1.1109 High Sep 12 and key reversal point

*RES 1: 1.1066 Channel resistance drawn off May 26 high

*PRICE: 1.1022 @ 04:07 GMT Sep 23

*SUP 1: 1.0990 Low Sep 17

*SUP 2: 1.0928 3.0% Lower Bollinger Band

*SUP 3: 1.0927/26 Low Sep 12 and Sep 3

*SUP 4: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally

EURUSD failed last week to clear the the key channel resistance drawn off the

Jun 25 high, that intersects at 1.1066 today. From a trend perspective, a

bearish outlook still dominates overall. Recent candle patterns, a shooting star

on Sep 13 warned of a top and a bearish engulfing on Sep 16 reinforces recent

bearish developments. To turn bullish, a break of the 1.1109 high of Sep 13 is

required. This would confirm a reversal. 1.0990, Sep 17 low is a bear trigger.