Rally Still Faces Decent..........>

EURO-DOLLAR TECHS: Rally Still Faces Decent Resistance From $1.2093-$1.2098

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

*RES 3: $1.2149 2 month channel top projection

*RES 2: $1.2130 1.618 swing of $1.2081-$1.2001

*RES 1: $1.2089/98 Jan 4, Sep 8 highs, 1% volatility band

*PRICE: $1.2037 @1615GMT 

*SUP 1: $1.2025 Hourly support

*SUP 2: $1.1993/01 Hourly base Dec 29, Jan 3 low

*SUP 3: $1.1937 Dec 29 low

*SUP 4: $1.1902/10 Dec 20, Dec 27 highs, now support

*COMMENTARY* Wednesday's pullback 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 Sep 8 high

at $1.2093 and the upper 1% volatility band at the slightly higher $1.2098 to

consider, before the way becomes clear for a higher $1.2130-$1.2167 rise.

Initial support from $1.2025, loss will caution in the near term.