Rally Accelerates After...........>

EURO-DOLLAR TECHS: Rally Accelerates After $1.1690-$1.1730 Break

*RES 4: $1.1880/87 Oct 12 high, 61.8% of $1.2093-$1.1554

*RES 3: $1.1837 Oct 26 high

*RES 2: $1.1824 50% Fibo of $1.2093-$1.1554

*RES 1: $1.1803/05 76.4% of $1.1880-$1.1554, intraday high

*PRICE: $1.1792 @2130GMT 

*SUP 1: $1.1735/40 Hourly support

*SUP 2: $1.1696 Initial rally high Nov 14, now support

*SUP 3: $1.1678 Nov 10 high, now support

*SUP 4: $1.1638 Nov 13 low

*COMMENTARY* Last Thursday's move back above the previously troublesome $1.1660

area was a positive, as was yesterday's rise through $1.1690-$1.1730 resistance.

This has seen the recovery accelerate, now moving slightly above the 76.4% Fibo

level at $1.1803. As a result, support now from $1.1740-$1.1735, the

$1.1696-$1.1678 area more important below. Through $1.1803 and look to

$1.1824-$1.1837 next, ahead of the $1.1880-$1.1887 region.