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Correcting Recent Losses..........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Correcting Recent Losses $1.1950-$1.1984 Next Resistance
*RES 4: $1.2070 Aug 29 high
*RES 3: $1.2009/32 Initial pullback low Aug 29, 1% vol band
*RES 2: $1.1984 Aug 30 high
*RES 1: $1.1950 Hourly resistance
*PRICE: $1.1944 @1532GMT 
*SUP 1: $1.1870/85 Hourly support
*SUP 2: $1.1849 Sep 1 low
*SUP 3: $1.1818/23 61.8% of $1.1662-$1.2070, Aug 31 low
*SUP 4: $1.1773 Aug 25 low
*COMMENTARY* Having found support from above the key $1.1823-$1.1818 area last
week, we have begun a gradual correction of losses seen since the Aug 29 high at
$1.2070. This has crept it's way back up towards the intervening $1.1984 high,
via some minor resistance around $1.1950. As a result, support also rises,
initially to $1.1885-$1.1870, with $1.1849 then seen as the protection to that
important $1.1823-$1.1818. Above $1.1984 and look to $1.2009-$1.2032 next.

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