Swing Target At $1.1715...........>

EURO-DOLLAR TECHS: Swing Target At $1.1715 Protects $1.1679-$1.1655 Fall

*RES 4: $1.1861 Sep 20 low, now resistance

*RES 3: $1.1837 Sep 14 low, now resistance

*RES 2: $1.1796 Sep 27 high

*RES 1: $1.1780 Hourly resistance

*PRICE: $1.1750 @0740GMT 

*SUP 1: $1.1715/17 1.618 swing $1.1837-$1.2034, Sep 27 low

*SUP 2: $1.1679 23.6% Fibo of $1.0340-$1.2093

*SUP 3: $1.1662 Aug 17 low

*SUP 4: $1.1620 1.618x $1.2093-$1.1837 from $1.2034

*COMMENTARY* The loss of the consolidation base and key support from $1.1823,

has been the catalyst for the latest fall, which on Wednesday also lost support

from the 76.4% Fibo retrace level at $1.1764. This now leaves the swing target

at $1.1715 as the next potential downside target, ahead of the next important

area between $1.1679-$1.1662. As a result, nearest resistance is currently

$1.1780-$1.1796, above the latter would ease near term pressure.