Fresh Low Finding Support From....>

EURO-DOLLAR TECHS: Fresh Low Finding Support From Above $1.1894 Swing Target

*RES 4: $1.2106 Hourly recovery high Apr 30 

*RES 3: $1.2032 May 2 high

*RES 2: $1.2009 May 3 high

*RES 1: $1.1975/85 Hourly resistance

*PRICE: $1.1947 @1640GMT 

*SUP 1: $1.1910 Intraday low

*SUP 2: $1.1890/94 Hourly support, 1.618 swing $1.1938-$1.2009

*SUP 3: $1.1840 2% volatility band

*SUP 4: $1.1828 1.618x $1.2556-$1.2155 from $1.2477

*COMMENTARY* Downside extended again today and has seen a break below

Wednesday's low and the 61.8% Fibo retrace level at $1.1937. A low of $1.1910

posted so far, just above the next area of support from $1.1894-$1.1890.

Currently correcting some oversold hourly conditions, with $1.1975-$1.1985 as

immediate resistance, with $1.2009 and then $1.2032 of more importance higher.

Below $1.1890 and the 2% volatility band at $1.1840 is the brake to $1.1828.