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

EURO-DOLLAR TECHS
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.

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