Finds Support From Key Near.......>

EURO-DOLLAR TECHS: Finds Support From Key Near Term Level

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

*RES 3: $1.1836/55 2% vol band, 1.618 swing $1.1777-$1.1650

*RES 2: $1.1777/94 Jul 27 high, 4 month bull channel proj'n

*RES 1: $1.1735/45 Hourly resistance

*PRICE: $1.1711 @0912GMT 

*SUP 1: $1.1650 Hourly support

*SUP 2: $1.1613 Jul 26 low

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

*SUP 4: $1.1549 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 $1.1794. 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 $1.1794 and the 2% volatility band then comes into play.