Near Term Bear Bias,..............>

EURO-DOLLAR TECHS: Near Term Bear Bias, $1.1818-$1.1823 Remains Key Support

*RES 4: $1.2070 Aug 29 high

*RES 3: $1.2009/14 Initial pullback low Aug 29, 1% vol band

*RES 2: $1.1984 Aug 30 high

*RES 1: $1.1930/40 Hourly resistance

*PRICE: $1.1881 @0830GMT 

*SUP 1: $1.1849 Sep 1 low

*SUP 2: $1.1818/23 61.8% of $1.1662-$1.2070, Aug 31 low

*SUP 3: $1.1773 Aug 25 low

*SUP 4: $1.1754/58 Initial rally high Aug 17, 76.4% Fibo

*COMMENTARY* Last weeks $1.2070 rally was capped between the swing target of the

$1.1911-$1.1662 fall and the upper 2% volatility band. Has since fallen away,

aided by the appearance of a 'Gravestone Doji' like candle close on that day.

Has been correcting those $ 1.1662-$1.2070 gains, with the key near term support

from $1.1818-$1.1823 so far holding on Thursday. Some oversold conditions being

repaired, with  $1.1984 resistance, $1.2009/14 more important higher.