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Monday's Rise Falls Short Of......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Monday's Rise Falls Short Of Key $1.1754 Resistance 
*RES 4: $1.1830/32 May 22 high, equality rise from $1.1617
*RES 3: $1.1810 61.8% Fibo of $1.1996-$1.1510
*RES 2: $1.1787/92 1% vol band, 1.618 swing $1.1725-$1.1617
*RES 1: $1.1751/54 May 24 high, 76.4% of $1.1830-$1.1510
*PRICE: $1.1713 @0825GMT 
*SUP 1: $1.1665/75 Hourly support
*SUP 2: $1.1641/54 May 31 low, hourly base Jun 1
*SUP 3: $1.1615/17 Hourly congestion May 28-30, Jun 1 low 
*SUP 4: $1.1590/94 Recovery high May 29, hourly base May 30
*COMMENTARY* Having broken above $1.1725 earlier in the day, Monday's rally
failed just below the next key resistance level at $1.1754. All is not lost
however, especially in the near term while support from between $1.1675-$1.1641
is able to contain any setbacks. Directly through $1.1754 and $1.1787-$1.1792 is
then the bar to a higher $1.1810-$1.1832 rise. Below $1.1641 will disappoint and
put Friday's $1.1617 low back under pressure.

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