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Supported Ahead Of 21-DMA *RES....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Supported Ahead Of 21-DMA
*RES 4: $1.2009 Hourly support Aug30a now resistance 
*RES 3: $1.1984 High Aug 30 
*RES 2: $1.1939 Hourly support Aug 30 now resistance 
*RES 1: $1.1908 High Aug 31
*PRICE: $1.1904 @ 2030GMT
*SUP 1: $1.1869 Hourly support Aug 31 
*SUP 2: $1.1823 Low Aug 31 
*SUP 3: $1.1814 21-DMA 
*SUP 4: $1.1730 Low Aug 21
*COMMENTARY: The correction lower from Tuesday's high left the pair looking
heavy Thursday and resulted in a dip below the $1.1828 support before finding
support ahead of the 21-DMA. The $1.1939 resistance is now key with bulls
needing a close above to gain breathing room and above $1.1984 to target the
bull channel top ($1.2153). Bears now look for a close below the 21-DMA to ease
bullish pressure and shift focus to $1.1648-1.1709.

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