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(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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Remains Supported Ahead Of........>

EURO-DOLLAR TECHS: Remains Supported Ahead Of 21-DMA
*RES 4: $1.1909 2017 High Aug 2 
*RES 3: $1.1861 Hourly support Aug 3 now support 
*RES 2: $1.1824 High Aug 8 
*RES 1: $1.1802 Hourly support Aug 8 now resistance
*PRICE: $1.1775 @ 0430GMT
*SUP 1: $1.1761 Hourly support Aug 11 
*SUP 2: $1.1704 21-DMA 
*SUP 3: $1.1690 Low Aug 9 
*SUP 4: $1.1671 Low July 28
*COMMENTARY: Bulls take comfort in support continuing to emerge on dips back
towards the 21-DMA. The $1.1824 resistance is now key with bulls needing a close
above to hint at a retest of 2017 highs and then the bull channel top ($1.1979).
Bears now look for a close below $1.1690 to add weight to their case for a move
that initially targets $1.1583-1.1648. Below $1.1583 is needed to shift focus to
$1.1373-1.1480 where the 55-DMA ($1.1439) is located.

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