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

EURO-DOLLAR TECHS: Correcting Recent Losses $1.1984 Next Resistance

*RES 4: $1.2070 Aug 29 high

*RES 3: $1.2045 1% volatility band

*RES 2: $1.2009 Initial pullback low Aug 29,

*RES 1: $1.1984 Aug 30 high

*PRICE: $1.1950 @0820GMT 

*SUP 1: $1.1875/90 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 $1.1890-$1.1875, with $1.1849 then seen as the protection to that

important $1.1823-$1.1818. Above $1.1984 and look to $1.2009-$1.2045 next.