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: $1.1794 4 month bull channel top projection

*RES 1: $1.1777 Jul 27 high

*PRICE: $1.1756 @1555GMT 

*SUP 1: $1.1675/80 Hourly support

*SUP 2: $1.1650 Jul 27 low

*SUP 3: $1.1613 Jul 26 low

*SUP 4: $1.1583 Jul 18 high, now support 

*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 have been rectified, support comes firstly from $1.1675-80 and then

yesterday's $1.1650 low. Loss here would caution and suggest the power of the

rise is beginning to wane. Directly above $1.1794 and $1.1836-$1.1855 next.