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

EURO-DOLLAR TECHS: Renewed Pressure Can See A $1.1647-$1.1634 Fall Next
*RES 4: $1.1830 May 22 high
*RES 3: $1.1806 6 week falling resistance line
*RES 2: $1.1794 Hourly recovery high May 22
*RES 1: $1.1755/70 Hourly resistance
*PRICE: $1.1728 @0745GMT 
*SUP 1: $1.1676 May 23 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* Lower again Wednesday, this time below $1.1717-$1.1709 support and
also put the 1% volatility band, at $1.1691 by time today, under pressure. A
maintained break below here will likely reach the swing target at $1.1647 next,
perhaps the projection target at $1.1634. Currently reducing some near term
oversold conditions, resistance from $1.1755-$1.1770 and then $1.1794. The six
week falling resistance line and Tuesday's $1.1830 high are tougher above. 

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