Rally Held At Base Of.............>

EURO-DOLLAR TECHS: Rally Held At Base Of $1.1721-$1.1730 Resistance

*RES 4: $1.1840/52 Jun 7, Jun 14 highs

*RES 3: $1.1758/71 1% vol band, 76.4% Fibo of $1.1852-$1.1508

*RES 2: $1.1730 1.618 swing of $1.1645-$1.1508

*RES 1: $1.1721/25 61.8% of $1.1852-$1.1508, Jun 13 low

*PRICE: $1.1683 @0815GMT 

*SUP 1: $1.1650 Hourly support

*SUP 2: $1.1628 Jun 25 low

*SUP 3: $1.1600 Jun 20 high, now support

*SUP 4: $1.1555/60 Congestion area Jun 19-21

*COMMENTARY* The rally finally made it to the base of the next $1.1721-$1.1730

resistance area, before hitting on some overbought hourly conditions. The

subsequent setback should really hold into $1.1650 support, if further gains are

to follow at this juncture. Any lower would bring $1.1628-$1.1600 back into the

equation, where next questions are asked of direction. Above $1.1730 would allay

those fears and see the recovery reach toward $1.1758-$1.1771 next.