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

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: $1.1691 @0745GMT 

*SUP 1: $1.1645/54 Hourly congestion Jul 19-20, Jul 24 low

*SUP 2: $1.1626 Jul 20 low

*SUP 3: $1.1613 Jul 13 low

*SUP 4: $1.1565/75 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 on Monday, 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 $1.1654-$1.1613.