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EURO-DOLLAR TECHS: Heavy Within The Channel:
*RES 4: 1.1075 High Sep 17
*RES 3: 1.1039 Channel resistance drawn off May 26 high
*RES 2: 1.1025 High Sep 23
*RES 1: 1.0967 High Sep 26
*PRICE: 1.0934 @ 08:23 GMT Sep 30
*SUP 1: 1.0905 Low Sep 27 / Multi-year low
*SUP 2: 1.0875 3.0% Lower Bollinger Band
*SUP 3: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
*SUP 4: 1.0821/39 April/May 2017 Low
EURUSD succumbed to further selling pressure at the tail-end last week, printing
a fresh multi-year low at 1.0905. This confirms a resumption of the downtrend
putting the recent channel top out of range with the focus on the 3.0% Lower
Bollinger Band at 1.0875 and Fibonacci level at 1.0862. An extension lower would
see the pair trading at levels not seen since mid 2017. The channel base drawn
off the May 26 high is at 1.0800. Resistance is at 1.0967.