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

EURO-DOLLAR TECHS
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. 

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