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Rally Retreats 76.4% Fibo.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Rally Retreats 76.4% Fibo Retrace Level
*RES 4: $1.1940 Dec 1 high, 1.618 swing $1.1863-$1.1738 
*RES 3: $1.1925 1% volatility band
*RES 2: $1.1902/03 Dec 20 high, 76.4% Fibo of $1.1961-$1.1717
*RES 1: $1.1870/80 Hourly resistance
*PRICE: $1.1859 @0730GMT 
*SUP 1: $1.1805/15 Congestion area Dec 14-19
*SUP 2: $1.1775/77 Hourly base Dec 18, Dec 19 low
*SUP 3: $1.1738 Dec 15 low
*SUP 4: $1.1717 Dec 12 low
*COMMENTARY* Found the strength to move through $1.1863-$1.1868 resistance on
Wednesday, the rally heading straight for the next upside barrier, the 76.4%
Fibo retrace level at $1.1903. This and the upper 1% volatility band are now the
potential dampeners to a $1.1940-$1.1961 return. Meanwhile, some near term
overbought conditions are being rectified, so while $1.1870-$1.1880 caps, there
is scope to see a $1.1815-$1.1775 fall.

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