Enters Into Next..................>

EURO-DOLLAR TECHS: Enters Into Next $1.1773-$1.1789 Resistance Area

*RES 4: $1.1881 June 2010 low, now resistance

*RES 3: $1.1839 2% volatility band

*RES 2: $1.1789 4 month bull channel top projection

*RES 1: $1.1730/45 Hourly resistance

*PRICE: $1.1659 @1635GMT 

*SUP 1: $1.1650 Hourly support

*SUP 2: $1.1613 Jul 26 low

*SUP 3: $1.1583 Jul 18 high, now support 

*SUP 4: $1.1532 6 week rising support line

*COMMENTARY* Fresh upside interest produced a rally which has taken us slightly

above $1.1773, the swing target of the recent $1.1712-$1.1613 fall but yet to

test the 4 month bull channel top projection at $1.1789. Some overbought

conditions currently being rectified, support comes from above $1.1650. Loss

here would caution and suggest the power of the rise is beginning to wane.

Directly above $1.1789 and the 2% volatility band then comes into play.