$1.1601-$1.1590 The Next Line.....>

EURO-DOLLAR TECHS: $1.1601-$1.1590 The Next Line Of Support

*RES 4: $1.1771 76.4% Fibo of $1.1852-$1.1508

*RES 3: $1.1733 1% volatility band

*RES 2: $1.1721 61.8% Fibo of $1.1852-$1.1508, Jun 26 high

*RES 1: $1.1693 Jun 29 high

*PRICE: $1.1599 @1510GMT 

*SUP 1: $1.1590/01 Hourly support, Jun 28 high

*SUP 2: $1.1551 Hourly basing area Jun 28

*SUP 3: $1.1527 Jun 28 low

*SUP 4: $1.1506/08 1% volatility band, Jun 21 low

*COMMENTARY* Last Thursday's fall from the week's $1.1721 high, was held at

$1.1527, keeping the month's previous $1.1508 low out of trouble for the time

being. Subsequently, having exceeded $1.1600 resistance, the recovery has grown

in pace, reaching above the near term pivot level at $1.1675. Will need to go on

and maintain levels above here, if there is to be a complete turnaround in

fortunes. Meanwhile, $1.1601-$1.1590 supports against a $1.1551-$1.1527 return.