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Stalls again at channel top:......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Stalls again at channel top:
*RES 4: 1.1164 High Aug 26
*RES 3: 1.1145 1.0% 10-dma envelope
*RES 2: 1.1109 High Sep 12 and key reversal point
*RES 1: 1.1061 Channel resistance drawn off May 26 high
*PRICE: 1.0989 @ 04:23 GMT Sep 24
*SUP 1: 1.0966 Low Sep 23
*SUP 2: 1.0928 3.0% Lower Bollinger Band
*SUP 3: 1.0927/26 Low Sep 12 and Sep 3
*SUP 4: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
EURUSD traded lower yesterday following a woeful set of Eurozone PMIs. The key
channel top drawn off the June 25 high remains intact intact with the underlying
bearish threat still in place. The break 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
1.0928. 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.

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