Rally Challenges Equality Rise....>

EURO-DOLLAR TECHS: Rally Challenges Equality Rise Target

*RES 4: $1.1925 2% volatility band

*RES 3: $1.1910 38.2% Fibo of $1.2556-$1.1510

*RES 2: $1.1881 76.4% Fibo of $1.1996-$1.1510

*RES 1: $1.1832/38 Equality rise from $1.1617, intraday high

*PRICE: $1.1819 @0815GMT 

*SUP 1: $1.1785/95 Hourly support

*SUP 2: $1.1760 Hourly basing area Jun 6

*SUP 3: $1.1745 Jun 4 high, now support

*SUP 4: $1.1725 May 31 high, now support

*COMMENTARY* The recovery has extended again today, moving through

$1.1802-$1.1810 resistance and then slightly above the equality rise target at

$1.1832. Some near term overbought conditions emerging around here, so look for

support from between $1.1795-$1.1760. Only below the latter will damage recent

upside momentum and call for a deeper setback. A sustained move above $1.1832

and two Fibo retraces between $1.1881-$1.1910 become the next attraction.