Still Finding Support From........>

EURO-DOLLAR TECHS: Still Finding Support From Above Key Near Term Level

*RES 4: $1.1881/90 June 2010 low, 2% volatility band

*RES 3: $1.1855 1.618 swing $1.1777-$1.1650

*RES 2: $1.1805 4 month bull channel top projection

*RES 1: $1.1777 Jul 27 high

*PRICE: $1.1726 @0835GMT 

*SUP 1: $1.1675/95 Hourly support

*SUP 2: $1.1650 Jul 27 low

*SUP 3: $1.1613 Jul 26 low

*SUP 4: $1.1583 Jul 18 high, now support 

*COMMENTARY* Fresh upside interest produced a rally late last week which has

taken us slightly above $1.1773, the swing target of the recent $1.1712-$1.1613

fall but yet to test the 4 month bull channel top projection at $1.1805. As a

result support now comes firstly from $1.1695-$1.1675 and then Thursday's

$1.1650 low. Loss here would caution and suggest the power of the rise is

beginning to wane. Directly above $1.1805 and $1.1855 next.