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One way traffic: *RES 3: 1.1142...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: One way traffic:
*RES 3: 1.1142 1.0% 10-dma envelope
*RES 2: 1.1141 2% Upper Bollinger Band
*RES 1: 1.1109 High Sep 12
*PRICE: 1.1002 @ 15:34 GMT Sep 16
*SUP 1: 1.0994 Intraday Low
*SUP 2: 1.0927/26 Low Sep 12 and Sep 3
*SUP 3: 1.0915 3.0% Lower Bollinger Band
Having traded higher for much of Friday, EURUSD faltered at bull channel
resistance drawn off the Jun 25 high, to return to trading on the backfoot. This
extended into the Monday session, with Friday's lows rapidly giving way and
returning the focus to the post-ECB lows at 1.0927. Friday's price action in
candle terms is a shooting star (inverted hammer) and an early warning of a top.
To negate this pattern, a break of Friday's 1.1109 high is required. This would
confirm a channel breakout and a bullish outlook.

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