Rally Continues,..................>

EURO-DOLLAR TECHS: Rally Continues, $1.1906-$1.1921 Next Measured Objectives

*RES 4: $1.1960 2% volatility band

*RES 3: $1.1921 Equality rise from $1.1119 to $1.0494-$1.1296

*RES 2: $1.1906 Max 5th wave target in rise from $1.1650

*RES 1: $1.1881 June 2010 low, now resistance

*PRICE: $1.1857 @0903GMT 

*SUP 1: $1.1805 Hourly support

*SUP 2: $1.1785 Aug 1 low

*SUP 3: $1.1764 Jul 28 high, now support

*SUP 4: $1.1723 Jul 31 low

*COMMENTARY* Tuesday's pullback stayed above $1.1764, thereby keeping alive the

notion that it was a 4th wave correction in the rise from last Thursday's

$1.1650 base. The subsequent move above $1.1855 has us noting the June 2010 low

at $1.1881 but opening the possibility of a further $1.1906-$1.1921 rise. The

latter the maximum 5th wave objective. In the meantime, support rises to $1.1805

but a move back below yesterday's $1.1785 low would disappoint.