Pullback So Far Holds Above.......>

EURO-DOLLAR TECHS: Pullback So Far Holds Above Pivotal $1.1712 Support

*RES 4: $1.1945 4 month bull channel top projection

*RES 3: $1.1911/21 Aug 2 high, equality rise from $1.1119

*RES 2: $1.1860/70 Series congestion lows Aug 3-4

*RES 1: $1.1830 Aug 3 low, now resistance

*PRICE: $1.1792 @1535GMT 

*SUP 1: $1.1745/55 Hourly support

*SUP 2: $1.1712 Jul 25 high, 76.4% Fibo of $1.1650-$1.1911

*SUP 3: $1.1684 Jul 28 high, now support

*SUP 4: $1.1640/50 1% volatility band, Jul 27 low

*COMMENTARY* Faltered on Friday after entering into the early stages of the next

$1.1906-$1.1921 target zone. This then followed by a break of the

$1.1815-$1.1777 area, which has spoiled recent upside momentum and triggered a

correction.  So far, this has remained above the Jul 25 high and 76.4% Fibo

retrace level at $1.1712 where next clues are garnered. Resistance now from

$1.1830-$1.1870, above the latter needed to ease current pressure.