Renewed Pressure Can See A........>

EURO-DOLLAR TECHS: Renewed Pressure Can See A $1.1647-$1.1634 Fall Next

*RES 4: $1.1854 May 16 high

*RES 3: $1.1830 May 22 high, 6 week falling res line

*RES 2: $1.1794 Hourly recovery high May 22

*RES 1: $1.1750/60 Hourly resistance

*PRICE: $1.1693 @1600GMT 

*SUP 1: $1.1685 Intraday low

*SUP 2: $1.1647 1.618 swing of $1.1717-$1.1830

*SUP 3: $1.1634 1.618x $1.1838-$1.1717 from $1.1830

*SUP 4: $1.1592 Max 5th wave target in fall from $1.2477

*COMMENTARY* Unable to sustain a break above $1.1822-$1.1824 on Tuesday, a high

of $1.1830 seen, coincidentally also the level of the 6 week falling resistance

line today, before once again giving up ground again. The $1.1717-$1.1709

support has since been under assault, as has the lower 1% volatility band at

$1.1705. A maintained break below here will likely reach the swing target at

$1.1647 next, perhaps $1.1634. Resistance from $1.1750-$1.1760 and then $1.1794.