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Rally On Hold While Unable To.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Rally On Hold While Unable To Sustain $1.1740-$1.1745 Break
*RES 4: $1.1839 Equality rise from $1.1575 to $1.1527-$1.1791
*RES 3: $1.1791/98 Jul 9 high, 1% volatility band
*RES 2: $1.1751 Jul 23 high
*RES 1: $1.1728 Hourly recovery high Jul 23
*PRICE: $1.1694 @0755GMT 
*SUP 1: $1.1645/55 Hourly congestion Jul 19-20
*SUP 2: $1.1626 Jul 20 low
*SUP 3: $1.1613 Jul 13 low
*SUP 4: $1.1564/75 1% volatility band, Jul 20 low
*COMMENTARY* The lower 1% volatility band came under pressure last Thursday
before launching into a correction of losses seen since the Jul 9 high at
$1.1791. This reached $1.1751 yesterday just through the 76.4% Fibo retrace
level at $1.1740, and the last prominent peak at $1.1745. Will need to see a
maintained rally through here, before thoughts can turn to $1.1791 again and
perhaps $1.1839-$1.1852. Nearest support now from between $1.1655-$1.1613. 

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