Previous $1.2070 High Rebuffs.....>

EURO-DOLLAR TECHS: Previous $1.2070 High Rebuffs Initial Assault

*RES 4: $1.2223 1.618 swing of $1.2070-$1.1823

*RES 3: $1.2178 2% volatility band

*RES 2: $1.2167 50% Fibo of $1.3994-$1.0340

*RES 1: $1.2070 Aug 29 high

*PRICE: $1.2003 @1507GMT 

*SUP 1: $1.1980/84 Sep 1, Aug 30 highs, now support

*SUP 2: $1.1950 Sep 6 high, now support

*SUP 3: $1.1903/08 Sep 6 low, hourly base Sep 6

*SUP 4: $1.1868 Sep 5 low

*COMMENTARY* Found support from above the key $1.1823-$1.1818 area last week,

since when we have begun a retracement of losses seen since the Aug 29 high at

$1.2070. This has so far seen a high of $1.2060 today, shy of that $1.2070 peak.

While capped here, the influence of the 'Gravestone Doji' seen at the close on

Aug 29 remains. Support also rises, initially to previous highs from 

$1.1984-$1.1950. Above $1.2070 and focus becomes the 50% Fibo level at $1.2167.