Heading Into Decent Support.......>

EURO-DOLLAR TECHS: Heading Into Decent Support Between $1.1717-$1.1709

*RES 4: $1.1854 May 16 high

*RES 3: $1.1822 May 18 high

*RES 2: $1.1790/95 Congestion area May 17-18

*RES 1: $1.1760/70 Hourly resistance

*PRICE: $1.1731 @0825GMT 

*SUP 1: $1.1713/17 Nov 21 & Dec 12 lows, 1% volatility band, 

*SUP 2: $1.1709 38.2% Fibo of $1.0340-$1.2556

*SUP 3: $1.1649 Oct 6 low

*SUP 4: $1.1616 May 2016 high, now support

*COMMENTARY* Sliding towards decent support from $1.1717-$1.1709. This region

includes the lower 1% volatility band, as well as a 38.2% Fibo retracement of

the $1.0340-$1.2556 rise seen between January last year and February this.

Meanwhile, look to $1.1760-$1.1770 for immediate resistance, $1.1790-$1.1795 on

any break higher. Currently it would take a move back above $1.1822 to make a

real difference. Lose $1.1709 and minor ahead of $1.1616-$1.1592.