Immediate Focus On $1.1870 *RES...>

EURO-DOLLAR TECHS: Immediate Focus On $1.1870

*RES 4: $1.2352 High Dec 18 2014 

*RES 3: $1.2254 High Dec 25 2014 

*RES 2: $1.2095 Low Dec 31 2014 now resistance 2 

*RES 1: $1.1870 High Jan 12 2015

*PRICE: $1.1827 @ 0430GMT

*SUP 1: $1.1806 Hourly support July 31 

*SUP 2: $1.1763 Hourly resistance July 31 now support 

*SUP 3: $1.1723 Low July 31 

*SUP 4: $1.1704 Hourly support July 28

*COMMENTARY: Gains Monday see immediate focus on the $1.1870 resistance with the

Bollinger top ($1.1860) and O/B daily studies seen as concerns for bulls. The

pair closed above the 200-WMA ($1.1788) which adds support to the bullish case

with bulls now looking for a weekly close above this level. Bears now need a

close below $1.1763 to ease immediate bullish pressure and below $1.1704 to

shift focus back to $1.1611-48.