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Downside Back In Trouble,.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Downside Back In Trouble, Fallout From $1.1721 Swift
*RES 4: $1.1721 61.8% Fibo of $1.1852-$1.1508, Jun 26 high
*RES 3: $1.1672 Jun 27 high
*RES 2: $1.1635 Jun 26 low, now resistance
*RES 1: $1.1590/00 Hourly resistance
*PRICE: $1.1578 @1542GMT 
*SUP 1: $1.1527 Intraday low
*SUP 2: $1.1497/08 1% volatility band, Jun 21 low
*SUP 3: $1.1448 50% Fibo of $1.0340-$1.2556
*SUP 4: $1.1376/77 Swing $1.1508-$1.1721, equality fall target
*COMMENTARY* The fallout since reaching $1.1721 on Tuesday has been swift,
revealing the underlying downtrend. The fall has however been held at $1.1527 so
far, leaving the key $1.1508-$1.1497 area untouched as yet. That said,
$1.1590-$1.1635 provides a strong near term resistance area and in fact it would
take back above $1.1672 for things to really improve. Below $1.1497 and the 50%
Fibo at $1.1448 next, ahead of dual $1.1377-$1.1376 support.

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