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Rally Held Between Swing Target...>

EURO-DOLLAR TECHS
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.

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