Next Band Of Support Seen.........>

EURO-DOLLAR TECHS: Next Band Of Support Seen Between $1.1894-$1.1868

*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: $1.1978/85 Intraday high, hourly resistance

*PRICE: $1.1908 @1355GMT 

*SUP 1: $1.1894/98 1.618 swing $1.1938-$1.2009, intraday low

*SUP 2: $1.1868 Hourly support

*SUP 3: $1.1828 1.618x $1.2556-$1.2155 from $1.2477

*SUP 4: $1.1812 2% volatility band

*COMMENTARY* Downside extended on Friday and has seen a break below Wednesday's

low and the 61.8% Fibo retrace level at $1.1937. A low of $1.1898 now posted,

just above the next support from the swing target at $1.1894. Recently corrected

some oversold hourly conditions but $1.1975-$1.1985 has capped so far. Above and

then $1.2009 and $1.2032 of more importance higher. Below $1.1894 and $1.1868

becomes the brake to $1.1828 and the 2% volatility band at $1.1812.