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EURO-DOLLAR TECHS: Focus is on key support:
*RES 4: 1.1136 1.0% 10-dma envelope
*RES 3: 1.1109 High Sep 12 and key reversal point
*RES 2: 1.1075 High Sep 17
*RES 1: 1.1050 Channel resistance drawn off May 26 high
*PRICE: 1.0943 @ 08:11 GMT Sep 26
*SUP 1: 1.0938 Low Sep 25
*SUP 2: 1.0927/26 Low Sep 12 and Sep 3
*SUP 3: 1.0917 3.0% Lower Bollinger Band
*SUP 4: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
EURUSD faced selling pressure once again yesterday as the pair retreated further
from the channel top. Downside targets at 1.0926/27, the Sep12/Sep3 lows and the
3.0% lower Bollinger Band at 1.0917 are within reach. A break of these support
levels would confirm a resumption of the downtrend opening 1.0900 and the 1.0867
retracement level. To turn bullish, a move above 1.1109, Sep 13 high is still
required. This would confirm a channel breakout.