Decline Continues After Rally.....>

EURO-DOLLAR TECHS: Decline Continues After Rally Stifled Around 76.4% Level

*RES 4: $1.1751/58 May 24 high, 7 week falling resistance line

*RES 3: $1.1726/29 76.4% of $1.1751-$1.1646, intraday high

*RES 2: $1.1700 Initial intraday pullback low, now res'tce

*RES 1: $1.1655/65 Hourly resistance

*PRICE: $1.1614 @1334GMT 

*SUP 1: $1.1608 Hourly support

*SUP 2: $1.1592 Max 5th wave target in fall from $1.2477

*SUP 3: $1.1554 Nov 7 low

*SUP 4: $1.1516 2% volatility band

*COMMENTARY* After attempting to break lower, found some support on Friday from

the swing target at $1.1647. Became oversold near term but the subsequent rally

has been stifled around the 76.4% Fibo retrace level at $1.1726. Will need to

sustain a move back through here at a minimum, before the chance of a challenge

to the higher $1.1751-$1.1790 region. Support from $1.1665-$1.1634 has since

been lost, $1.1595-$1.1592 next below.