Continued Fall Has $1.3576-$1.3541 As...>

CABLE TECHS: Continued Fall Has $1.3576-$1.3541 As Next Support Area

*RES 4: $1.3787/93 Hourly recovery high Apr 30, Apr 30 high

*RES 3: $1.3740 Hourly high Apr 30

*RES 2: $1.3713 Apr 30 low, now resistance

*RES 1: $1.3645/65 Hourly resistance

*PRICE: $1.3619 @1725GMT

*SUP 1: $1.3576 50% Fibo of $1.2774-$1.4377

*SUP 2: $1.3550 Dec 1 high, now support

*SUP 3: $1.3541/43 Equality fall from $1.4000, 61.8% Fibo

*SUP 4: $1.3458 Jan 11 low

*COMMENTARY* Monday saw the the Mar 1 low at $1.3712 and the weekly support line

from Mar 2017 under pressure. This was followed by a near term $1.3787

corrective bounce. Further losses have ensued today, initially below $1.3702

then $1.3659-$1.3613, to reach $1.3588 so far. Now below the 2% volatility band

at $1.3645, always cautious as rare and never long lived. Next support comes

from $1.3576-$1.3541. Resistance $1.3645-$1.3665 but $1.3740 is key higher.