Inching Lower *RES 3: 1.1460......>

EURO-DOLLAR TECHS: Inching Lower

*RES 3: 1.1460 High Mar 10

*RES 2: 1.1422 High Jun 10 and the bull trigger

*RES 1: 1.1353 High Jun 16 and intraday key resistance

*PRICE: 1.1216 @ 16:53 BST Jun 17

*SUP 1: 1.1207 Low Jun 17

*SUP 2: 1.1195 Low Jun 4 and key near-term support

*SUP 3: 1.1188/82 1.0% 10-dma envelope / 20-day EMA

After stalling at the Tuesday high, prices have been in retreat, inching back

into the lower levels of the recent range. Last week, the pair snapped the

uptrend since the end of May, retreating below 1.1241, Jun 9 low. Furthermore, a

bearish engulfing candle on Jun 11 highlights a shift in sentiment and this

pattern continues to play a role. A break of 1.1213 and 1.1195 would confirm a

bearish outlook opening 1.1163 initially, Mar 30 high. The key resistance is at

1.1422.