$1.1866 Next Fibo Support But.....>

EURO-DOLLAR TECHS: $1.1866 Next Fibo Support But $1.1818-28 More Important

*RES 4: $1.2070 Aug 29 high

*RES 3: $1.2025 Hourly recovery high Aug 29

*RES 2: $1.1984 Aug 30 high

*RES 1: $1.1945 Hourly resistance

*PRICE: $1.1885 @0835GMT 

*SUP 1: $1.1866 50% Fibo of $1.1662-$1.2070

*SUP 2: $1.1818/28 61.8% of $1.1662-$1.2070, Aug 21 high

*SUP 3: $1.1773 Aug 25 low

*SUP 4: $1.1754/58 Initial rally high Aug 17, 76.4% Fibo

*COMMENTARY* Tuesday's $1.2070 rally was capped between the swing target of the

$1.1911-$1.1662 fall and the upper 2% volatility band. Has since fallen away,

aided by the appearance of a 'Gravestone Doji' like candle close on that day.

Now correcting those $1.1662-$1.2070 gains, with next support from the 50%

retrace level at $1.1866. Below and the $1.1818-28 area important and protecting

recent upside momentum. Resistance $1.1945-$1.1984 but $1.2025 now key.