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###POV Targets $1.1116-27 While...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: ###POV Targets $1.1116-27 While $1.1880 Caps
*RES 2: $1.2092 2017 High Sept 8 *RES 1: $1.1880 Weekly High Oct 12
*PRICE: $1.1616 @ 0515GMT
*SUP 1: $1.1489 High July 12 now support
*SUP 2: $1.1119 Monthly Low June 20
*POV: The correction lower following the break of the LT bull channel base in
late Sept saw a close below the 200-WMA ($1.1671) and $1.1611 support Friday
with LT traders now looking for a close below $1.1489 to confirm focus on tests
of $1.1116-27 where 55 ($1.1116) & 100 ($1.1127) WMAs are noted. Overall LT
traders need a close below the 55-WMA to open up for a test of 2017 lows with
below $1.0819 to confirm.
- The 200-WMA is seen as initial resistance but $1.1880 is now key. LT traders
look for a close above $1.1880 to ease bearish pressure and shift immediate
focus to $1.2092-1.2254.
- Click for chart https://tinyurl.com/y8nrnf3c