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EURO-DOLLAR TECHS: Set To Extend The Downside:
*RES 4: 1.1075 High Sep 17
*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 @ 09:00 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: 1.0854 3.0% Lower Bollinger Band
*SUP 4: 1.0821/39 April / May 2017 Low
EURUSD is edging lower this morning. 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 1.0854 . The channel base drawn off
the May 26 high lies at 1.0789 today. Resistance is at 1.0967.