Rally Unable To Sustain...........>

EURO-DOLLAR TECHS: Rally Unable To Sustain $1.1740-$1.1745 Break

*RES 4: $1.1839 Equality rise from $1.1575 to $1.1527-$1.1791

*RES 3: $1.1805 1% volatility band

*RES 2: $1.1775/91 Hourly resistance, Jul 9 high

*RES 1: $1.1751 Intraday high

*PRICE: $1.1704 @1550GMT 

*SUP 1: $1.1679/84 Initial high Jul 20, hourly support

*SUP 2: $1.1645/55 Hourly congestion Jul 19-20

*SUP 3: $1.1626 Jul 20 low

*SUP 4: $1.1613 Jul 13 low

*COMMENTARY* The lower 1% volatility band came under pressure last Thursday but

survived the test, before launching into a correction of losses seen since the

Jul 9 high at $1.1791. On Friday this recovery was capped by the 76.4% Fibo

retrace level at $1.1740, and the last prominent peak at $1.1745. Will need to

see a sustained rally through this area before thoughts can turn to a higher

$1.1775-$1.1839 rise. In the interim, nearest support rises to $1.1684-$1.1679.