Rally Held Between Swing Target...>

EURO-DOLLAR TECHS: Rally Held Between Swing Target And 2% Volatility Band

*RES 4: $1.2086 2% volatility band

*RES 3: $1.2070 Aug 29 high

*RES 2: $1.2032 Initial low Aug 29, now resistance

*RES 1: $1.1990/00 Hourly resistance

*PRICE: $1.1947 @0848GMT 

*SUP 1: $1.1914/17 38.2% of $1.1662-$1.2070, Aug 28 low

*SUP 2: $1.1847/66 Aug 11 high, 50% of $1.1662-$1.2070

*SUP 3: $1.1818/28 61.8% of $1.1662-$1.2070, Aug 21 high

*SUP 4: $1.1754/58 Initial rally high Aug 17, 76.4% Fibo

*COMMENTARY* Tuesday's rally was capped at $1.2070 betwixt the swing target of

the $1.1911-$1.1662 fall and the upper 2% volatility band. Has since fallen away

as we begin to correct those $1.1662-$1.2070 gains. Initial support from around

$1.1914-17 protects against a deeper fall at present, the $1.1818-28 area seen

as important and protecting recent upside momentum. Resistance $1.1990-$1.2000,

back above $1.2032 needed to renew upside bias.