Pullback Now Awaits A Test To.....>

EURO-DOLLAR TECHS: Pullback Now Awaits A Test To Pivotal $1.1712 Support

*RES 4: $1.1911/21 Aug 2 high, equality rise from $1.1119

*RES 3: $1.1860/70 Series congestion lows Aug 3-4

*RES 2: $1.1830 Aug 3 low, now resistance

*RES 1: $1.1795/00 Hourly resistance

*PRICE: $1.1760 @1453GMT 

*SUP 1: $1.1712 Jul 25 high, 76.4% Fibo of $1.1650-$1.1911

*SUP 2: $1.1684 Jul 28 high, now support

*SUP 3: $1.1640/50 1% volatility band, Jul 27 low

*SUP 4: $1.1613 Jul 26 low

*COMMENTARY* Has faltered after entering into the early stages of the next

$1.1906-$1.1921 target zone. The loss initially of yesterday's $1.1830 low, then

followed by a break of the lower $1.1815-$1.1777 area, has spoiled recent upside

momentum and triggered a correction, which now eyes the Jul 25 high at $1.1712

for next clues. This also a 76.4% retrace of the latest gains from $1.1650.

Resistance now from $1.1795-00, with $1.1830-$1.1870 currently more important.