Rally Eyes Long Term Fibo.........>

EURO-DOLLAR TECHS: Rally Eyes Long Term Fibo Resistance At $1.2167

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

*RES 3: $1.2183 2% volatility band

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

*RES 1: $1.2093/05 Intraday high, hourly resistance

*PRICE: $1.2063 @0852GMT 

*SUP 1: $1.2010/25 Hourly support

*SUP 2: $1.1980/84 Sep 1 high, Aug 30 highs, now support

*SUP 3: $1.1950 Sep 6 high, now support

*SUP 4: $1.1920/25 Series highs/lows Aug 31-Sep 6

*COMMENTARY* The move above $1.2070 releases the hold that the 'Gravestone Doji'

had over price since Aug 29. A peak of $1.2093 so far, before once again some

overbought hourly conditions have come into play. Looking to $1.2025-$1.2010 to

provide initial support, the $1.1984-$1.1980 region to provide a potentially

stronger base below. Any loss here now would caution. Above $1.2093 and the

minor swing target at $1.2105 provides the bar to a further $1.2167 rise.