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

EURO-DOLLAR TECHS
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: $1.1940/50 Hourly resistance
*PRICE: $1.1910 @1555GMT 
*SUP 1: $1.1870/85 Hourly support
*SUP 2: $1.1849 Sep 1 low
*SUP 3: $1.1818/23 61.8% of $1.1662-$1.2070, Aug 31 low
*SUP 4: $1.1773 Aug 25 low
*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 last Thursday. Some oversold conditions
being repaired, with  $1.1984 resistance, $1.2009/14 more important higher.

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