Steep Decline Holds Above.........>

EURO-DOLLAR TECHS: Steep Decline Holds Above $1.1510-$1.1492 For Now

*RES 4: $1.1725 Jun 13 low, now resistance

*RES 3: $1.1698 50% Fibo of $1.1852-$1.1543

*RES 2: $1.1652/61 Hourly high Jun 14, 38.2% $1.1852-$1.1543

*RES 1: $1.1615/20 Hourly resistance

*PRICE: $1.1593 @0850GMT 

*SUP 1: $1.1543/50 Intraday low, hourly highs May 29-30

*SUP 2: $1.1510 May 29 low

*SUP 3: $1.1492 2% volatility band

*SUP 4: $1.1448 50% Fibo of $1.0340-$1.2556

*COMMENTARY* Yesterday's fall from $1.1852 still left the downside at risk from

the bearish overtones from last Thursday's 'Shooting Star' candle close. The

subsequent loss of $1.1725 the catalyst for a deeper fall and correction of

gains from the May 29 low at $1.1510. Have reached $1.1543 so far, before some

heavily oversold conditions have come to the fore. Look to $1.1615-20 for

initial resistance and clues. Lose $1.1510-$1.1492 and look to $1.1448 next.