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Cracks Channel Top: *RES 4:.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Cracks Channel Top:
*RES 4: 1.1109 High Sep 13
*RES 3: 1.1076 High Sep 18
*RES 2: 1.1050 50-dma
*RES 1: 1.1034 High Oct 10
*PRICE: 1.1005 @ 15:14 GMT Oct 10
*SUP 1: 1.0941 Low Oct 3 and Oct 8
*SUP 2: 1.0904 Low Oct 2
*SUP 3: 1.0879 Low Oct 1 and bear trigger
*SUP 4: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
EURUSD finally cracked above the channel top early Thursday, firming the
medium-term outlook and shifting markets far more positive. The 50-dma at 1.1050
hasn't been topped since early August and becomes first target/resistance on the
latest break. While the bearish risk remains, a fall through 1.0971 is needed to
dent the outlook. Sub 1.0941 levels would again highlight the potential for
weakness and open 1.0879.

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