Pressuring Key Support Region.....>

EURO-DOLLAR TECHS: Pressuring Key Support Region

*RES 4: $1.1833 Low Sept 25 now resistance 

*RES 3: $1.1831 55-DMA 

*RES 2: $1.1788 High Oct 4 

*RES 1: $1.1767 Hourly resistance Oct 4

*PRICE: $1.1706 @ 1930GMT

*SUP 1: $1.1696 Low Oct 3 

*SUP 2: $1.1661 Low Aug 17, Daily Bear channel base 

*SUP 3: $1.1611 Low July 26 

*SUP 4: $1.1583 High July 18 now support

*COMMENTARY: Layers of resistance $1.1788-1.1874 have proven too much with the

pair remaining heavy and pressuring the week's lows. Bears remain focused on

$1.1583-1.1661 where the daily bears channel base and 100-DMA ($1.1589) are

situated. Below $1.1583 is needed to see bears shift focus to $1.1477. Bulls

need a close above $1.1788 to hint at a correction back to $1.1830-74 where 21 &

55-DMAs are noted.