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Rally Pauses For Breath Around....>

EURO-DOLLAR TECHS
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: $1.2025 @1615GMT 
*SUP 1: $1.2004/15 Intraday low, 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 $$1.2015-$1.2004 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. 

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