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EURO-DOLLAR TECHS: Runs Counter To Bearish Signals:
*RES 3: 1.1034 Channel resistance drawn off May 26 high
*RES 2: 1.1025 High Sep 23
*RES 1: 1.0967 High Sep 26
*PRICE: 1.0905 @ 15:40 GMT Oct 2
*SUP 1: 1.0879 Low Oct 1
*SUP 2: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
*SUP 3: 1.0848 3.0% Lower Bollinger Band
After edging lower for much of the morning, EURUSD managed to stage a decent
bounce in the afternoon, defying the still-present bearish signals. The pair is
likely to remain heavy following Monday's selling pressure and Tuesday's follow
through, which hit a fresh multi-year low at 1.0879. The recent breach of former
support at 1.0926, Sep 3 low also weighs on sentiment. The focus is on the
Fibonacci level at 1.0862, and the 3.0% Lower Bollinger Band at 1.0848. The
channel base drawn off the May 26 high lies at 1.0789 today. Resistance is at