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: $1.2130/43 swing $1.2081-$1.2001, 2 month channel top 

*RES 2: $1.2093 Sep 8 high

*RES 1: $1.2075/81 1% volatility band, Jan 2 high

*PRICE: $1.2045 @1014GMT 

*SUP 1: $1.2001 Jan 3 low

*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 pullback has stayed above key near term support from $1.1993.

While intact, then the immediate momentum still remains with the topside. In

this respect, there is still resistance from between the upper 1% volatility

band and the Sep 8 high to consider, before the way becomes clear for a higher

$1.2130-$1.2167 rise. Loss of $1.1993 will caution and suggest that the time is

ripe for some deeper correction of gains from last month's $1.1717 low.