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Next Support Seen From Between....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Next Support Seen From Between $1.1684-$1.1676
*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: $1.1770/90 Recovery high Aug 9, hourly resistance
*PRICE: $1.1731 @0855GMT 
*SUP 1: $1.1682/84 38.2% of $1.1312-$1.1911, Jul 21 high
*SUP 2: $1.1650 Jul 27 low
*SUP 3: $1.1639 1.618 swing of $1.1689-$1.1770
*SUP 4: $1.1612/13 50% of $1.1312-$1.1911, Jul 16 low
*COMMENTARY* Having lost $1.1712 support on Wednesday, we began a correction of
gains from the early July low at $1.1312. A low of $1.1689 so far, just ahead of
the next $1.1682-$1.1684 target area. The 1% volatility band is at the slightly
lower $1.1676 level today. Meanwhile the subsequent recovery has reached the
base of near term resistance between $1.1770-$1.1790. The latter the bar to any
greater recovery. Lose $1.1682-$1.1676 and then $1.1650-$1.1612 comes into play.

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