Re-engages bear mode: *RES 3:.....>

EURO-DOLLAR TECHS: Re-engages bear mode:

*RES 3: 1.1109 High Sep 12 and key reversal point

*RES 2: 1.1075 High Sep 17

*RES 1: 1.1056 Channel resistance drawn off May 26 high

*PRICE: 1.0954 @ 15:26 GMT Sep 25

*SUP 1: 1.0951 Intraday low

*SUP 2: 1.0927/26 Low Sep 12 and Sep 3

*SUP 3: 1.0921 3.0% Lower Bollinger Band

The pair retreated further from the channel top Wednesday, re-engaging with the

downside targets and eyeing the Sep12/Sep3 lows at 1.0926/27. This keeps the

underlying bearish threat dominant. The break Monday of support at 1.0990, low

Sep 17 exposes the recent key lows at 1.0926/27 with the 3.0% lower Bollinger

Band at 1.0921. A break of these support levels would confirm a resumption of

the downtrend. To turn bullish, a move above 1.1109, Sep 13 high is still

required. This would confirm a channel breakout.