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$1.1515-20 Next Support As........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.1515-20 Next Support As Decline Continues This Week
*RES 4: $1.1676 May 23 low, now resistance
*RES 3: $1.1640/46 Intraday high, May 25 low
*RES 2: $1.1608 May 28 low, now resistance
*RES 1: $1.1585/95 Hourly resistance
*PRICE: $1.1548 @0846GMT 
*SUP 1: $1.1515/20 Hourly support
*SUP 2: $1.1489 2% volatility band
*SUP 3: $1.1448 50% Fibo of $1.0340-$1.2556
*SUP 4: $1.1405 Equality fall from $1.1996 to $1.2414-$1.1823
*COMMENTARY* Has continued to fall today, most latterly through $1.1592-$1.1554
support. Next support comes from the $1.1520-$1.1515 area, with the lower 2%
volatility band situated at $1.1489 by time today. Resistance falls to
$1.1585-$1.1595, yesterday's $1.1608 low becomes the next barrier above, then
the day's $1.1640 high. Loss of the 2% volatility band would caution,
$1.1448-$1.1405 then next target range below.

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