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Decline Approaches Next...........>

EURO-DOLLAR TECHS: Decline Approaches Next $1.2055-$1.2035 Support Area
*RES 4: $1.2210 Apr 26 high
*RES 3: $1.2182 Apr 24 low, now resistance
*RES 2: $1.2156/60 Initial low Apr 26, Apr 25 low
*RES 1: $1.2117/20 Intraday high, hourly resistance
*PRICE: $1.2073 @0755GMT 
*SUP 1: $1.2055 50% Fibo of $1.1554-$1.2556
*SUP 2: $1.2035 10 week bear channel base
*SUP 3: $1.1990/10 1.618 proj'n tgt from $1.2415, 2% vol band
*SUP 4: $1.1956/61 1.618 swing $1.2155-$1.2477, Nov 27 high 
*COMMENTARY* The $1.2093-$1.2091 area has gone allowing a move down to the next
band of support from between $1.2055-$1.2035. A 50% Fibo retrace level and the
current base of the 10 week bear channel. Any lower and the 2% volatility band,
at $1.2010 by time today, is the protection against a further $1.1990-$1.1956
fall. This the 1.618 projected fall from $1.2415 to prior $1.2477-$1.2215 and
the swing of recent $1.2155-$1.2477 rise.  Resistance from $1.2117 to $1.2182. 

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