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Pullback Returns Toward Base Of...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Pullback Returns Toward Base Of Recent Consolidation
*RES 4: $1.1880 Oct 12 high
*RES 3: $1.1858 Oct 19-Oct 20 highs
*RES 2: $1.1826/27 Hourly low Oct 19, hourly high Oct 20
*RES 1: $1.1790/00 Hourly resistance
*PRICE: $1.1746 @0846GMT 
*SUP 1: $1.1730 Oct 18 low
*SUP 2: $1.1705 Congestion area Oct 5-6
*SUP 3: $1.1685 1% volatility band
*SUP 4: $1.1649 Oct 6 low
*COMMENTARY* Still consolidating following the drop to and bounce from the lower
1% volatility band at $1.1649 on Oct 9. The recovery has since threatened the
head and shoulders neckline, at $1.1875 today. This and the Oct 12 high at
$1.1880, now bar the way higher. The subsequent fall sees support from
$1.1730-$1.1705 currently keeping the pressure off a return to that 1% band and
the Oct 6 low at $1.1649. Meanwhile, $1.1790-$1.1827 forms nearest resistance.

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