Loses Ground After Failing To.....>

EURO-DOLLAR TECHS: Loses Ground After Failing To Trouble 2017 High

*RES 4: $1.2155 2 month channel top projection

*RES 3: $1.2089/00 Jan 4, Sep 8 highs, 1% volatility band

*RES 2: $1.2050/60 Hourly resistance

*RES 1: $1.2021 Jan 5 low, now resistance

*PRICE: $1.1977 @1710GMT 

*SUP 1: $1.1953 50% Fibo of $1.1817-$1.2089

*SUP 2: $1.1921 61.8% Fibo of $1.1817-$1.2089

*SUP 3: $1.1902/10 Dec 20, Dec 27 highs, now support

*SUP 4: $1.1881 76.4% Fibo of $1.1817-$1.2089

*COMMENTARY* Key near term support from around the $1.1993 area has given way

today, as has $1.1980-85, where the 38.2% Fibo retrace of the latest

$1.1817-$1.2089 rise lay. This now allows a deeper correction of those gains,

beginning with $1.1953. Meanwhile, after failing to trouble $1.2093 and the

upper 1% volatility band at the end of last week, $1.2021 and then the

$1.2050-60 region provide a potential barrier to any attempts at a recovery.