Rally Pauses For Breath Around....>

EURO-DOLLAR TECHS: Rally Pauses For Breath Around Upper 1% Volatility Band

*RES 4: $1.2167 50% Fibo of $1.3994-$1.0340

*RES 3: $1.2136 2 month bull channel top projection

*RES 2: $1.2093 Sep 8 high

*RES 1: $1.2081 Jan 2 high

*PRICE: $1.2037 @0921GMT 

*SUP 1: $1.2015/25 Hourly support

*SUP 2: $1.1993 Hourly base Dec 29

*SUP 3: $1.1937 Dec 29 low

*SUP 4: $1.1900/10 Dec 25, Dec 27 highs, now support

*COMMENTARY* The rally straddled the upper 1% volatility band on Tuesday, at

$1.2054 by time today, as we strive to emulate the Sep 8 peak at $1.2093. A high

of $1.2081, before hitting near term overbought conditions. As a result, support

moves up to $1.2025-$1.2015 but only back below $1.1993 will currently spoil

near term upside momentum and suggest scope for some deeper correction. Through

$1.2093 and the channel projection at $1.2136, then Fibo level at $1.2167.