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$1.1675-$1.1680 In Way Of A.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.1675-$1.1680 In Way Of A Higher $1.1721-$1.1730 Rise
*RES 4: $1.1757/71 1% vol band, 76.4% Fibo of $1.1852-$1.1508
*RES 3: $1.1730 1.618 swing of $1.1645-$1.1508
*RES 2: $1.1721/25 61.8% of $1.1852-$1.1508, Jun 13 low
*RES 1: $1.1675/80 Jun 22 high, 50% of $1.1852-$1.1508
*PRICE: $1.1635 @0728GMT 
*SUP 1: $1.1590/00 Hourly support
*SUP 2: $1.1531/38 Jun 19, Jun 20 lows
*SUP 3: $1.1508/10 Jun 21, May 29 lows
*SUP 4: $1.1448 50% Fibo of $1.0340-$1.2556
*COMMENTARY* The bearish 'Shooting Star' candle close and the upper 1%
volatility band, conspired to send us down last week towards and marginally
below the year's previous $1.1510 low. Friday's subsequent recovery has now
broken through $1.1620-$1.1645 resistance. This sees $1.1680-$1.1730 as the next
upside target area, as we correct recent losses from $1.1852. Support from
$1.1600-$1.1590 but back below $1.1538-$1.1531 would concern at this stage.

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