Decline Tests 61.8% Fibo..........>

EURO-DOLLAR TECHS: Decline Tests 61.8% Fibo Retrace Level At $1.1926

*RES 4: $1.2093 Sep 8 high

*RES 3: $1.2060 Sep 7 high, 1% volatility band

*RES 2: $1.2030 Sep 11 high

*RES 1: $1.1980/90 Hourly resistance

*PRICE: $1.1965 @1548GMT 

*SUP 1: $1.1926 Intraday low, 61.8% Fibo of $1.1823-$1.2093

*SUP 2: $1.1887 76.4% Fibo of $1.1823-$1.2093

*SUP 3: $1.1868 Sep 5 low

*SUP 4: $1.1820/23 1% volatility band, Aug 31 low

*COMMENTARY* Pullback from Friday's $1.2093 high continues, with the loss of

support from the Sep 6 high at $1.1950. The fall has so far subsequently been

held by the 61.8% Fibo retrace level at $1.1926. Oversold in the very near term

and looking to $1.1980-90 for initial resistance. Will need back above here, if

any better $1.2030-$1.2060 recovery is to follow at this stage. Below $1.1926

and the next Fibo support comes from $1.1887.