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

EURO-DOLLAR TECHS: Swing Target At $1.1715 Protects $1.1662-$1.1645 Fall

*RES 4: $1.1898 Sep 22 low, now resistance

*RES 3: $1.1854/61 Head & Shoulders neckline, Sep 20 low

*RES 2: $1.1833/37 Sep 29 high, Sep 14 low

*RES 1: $1.1796 Sep 27 high

*PRICE: $1.1743 @0842GMT 

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

*SUP 2: $1.1662 Aug 17 low

*SUP 3: $1.1645 1.618 swing of $1.1833-$1.1717

*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,

was the catalyst for the latest fall, which last week 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

$1.1662-$1.1645. As a result, nearest resistance is currently $1.1796-$1.1837,

but above $1.1854-$1.1861 needed to ease near term pressure.