Focus Back On $1.1828-61 *RES.....>

EURO-DOLLAR TECHS: Focus Back On $1.1828-61

*RES 4: $1.2009 Hourly support Aug30a now resistance 

*RES 3: $1.1984 High Aug 30 

*RES 2: $1.1939 Hourly support Aug 30 now resistance 

*RES 1: $1.1898 Hourly resistance Aug 31

*PRICE: $1.1882 @ 0430GMT

*SUP 1: $1.1861 Alternating hourly support/resistance 

*SUP 2: $1.1828 High Aug 21 now resistance 

*SUP 3: $1.1814 21-DMA 

*SUP 4: $1.1730 Low Aug 21

*COMMENTARY: The lack of follow through on Tuesday's high has been followed up

with losses that leave the pair looking heavy and focus back on $1.1828-61.

Bears now look for a close below $1.1828 to shift focus back to $1.1648-1.1709

where the daily bull channel base ($1.1688) is located. Layers of resistance are

building with bulls needing a close above $1.1939 to gain breathing room and

above $1.1984 to target the bull channel top ($1.2142).