Key Support Between...............>

EURO-DOLLAR TECHS: Key Support Between $1.1712-$1.1682 Gets A Challenge

*RES 4: $1.1911/21 Aug 2 high, equality rise from $1.1119

*RES 3: $1.1860/70 Series congestion lows Aug 3-4

*RES 2: $1.1824/30 Aug 8 high, Aug 3 low

*RES 1: $1.1775/90 Hourly resistance

*PRICE: $1.1744 @1605GMT 

*SUP 1: $1.1682/84 38.2% of $1.1312-$1.1911, Jul 21 high

*SUP 2: $1.1682/84 38.2% of $1.1312-$1.1911, Jul 21 high

*SUP 3: $1.1650/70 Jul 27 low, 1% volatility band

*SUP 4: $1.1612/13 50% of $1.1312-$1.1911, Jul 16 low

*COMMENTARY* Support from the key near term level at $1.1712 has finally given

way but so far only briefly today. Below here and have to think about a

correction of gains from the early July low at $1.1312, with $1.1682-$1.1684 the

next port of call. For the time being, $1.1775-$1.1790 now poses near term

resistance and the bar to any greater recovery. Lose $1.1682 and $1.1650-$1.1612

then comes into play.