Rally Held Between Swing Target...>

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

*RES 4: $1.2070 Aug 29 high

*RES 3: $1.2032 Initial low Aug 29, now resistance

*RES 2: $1.1984 Intraday high

*RES 1: $1.1950/60 Hourly resistance

*PRICE: $1.1911 @1505GMT 

*SUP 1: $1.1866 50% Fibo of $1.1662-$1.2070

*SUP 2: $1.1847 Aug 11 high

*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 has now given way suggesting scope to see a deeper fall,

$1.1866-$1.1847 next, the $1.1818-28 area seen as important and protecting

recent upside momentum. Resistance now between $1.1950-$1.1984.