Immediate Focus On Bear Channel...>

EURO-DOLLAR TECHS: Immediate Focus On Bear Channel Top

*RES 4: $1.2092 2017 High Sept 8 

*RES 3: $1.2019 High Sept 20 

*RES 2: $1.1891 Hourly support Sept 21 now resistance 

*RES 1: $1.1902 Daily Bear channel top

*PRICE: $1.1869 @ 0105GMT

*SUP 1: $1.1831 Hourly resistance Oct 11 now support 

*SUP 2: $1.1795 Hourly support Oct 10 

*SUP 3: $1.1756 Hourly resistance Oct 9 now support 

*SUP 4: $1.1739 Hourly support Oct 10

*COMMENTARY: The pair remains bid with the break of the $1.1862 resistance and

close above 21 & 55-DMAs ($1.1834-42) hinting at a move back to $1.2019-92 and

above the bear channel top to confirm. Layers of support are building with bears

needing a close below $1.1831 to ease immediate bullish pressure and below

$1.1795 to shift focus back to the $1.1583-1.1661. Daily studies are well placed

for a fresh leg higher.