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Triangular Consolidation..........>

EURO-DOLLAR TECHS: Triangular Consolidation Currently Playing Out Here
*RES 4: $1.1910 1.618 swing of $1.1840-$1.1727, 38.2% Fibo
*RES 3: $1.1881 76.4% Fibo of $1.1996-$1.1510
*RES 2: $1.1840/56 Jun 7 high, 1% volatility band
*RES 1: $1.1810/21 Hourly resistance, Jun 11 high
*PRICE: $1.1804 @0815GMT 
*SUP 1: $1.1741/55 Intraday low, hourly support
*SUP 2: $1.1727 Jun 8 low
*SUP 3: $1.1695 Hourly congestion Jun 4-Jun 5
*SUP 4: $1.1653 Jun 5 low
*COMMENTARY* A triangular consolidation currently playing out beneath
$1.1810-$1.1821 but still faces resistance from last Thursday's $1.1840 high and
the upper 1% volatility band at $1.1856. Above the former needed to remove the
bearish overtones from last Thursday's 'Shooting Star' candle close and allow a
higher $1.1881-$1.1910 rise. The latter also a 38.2% retrace of the year's
$1.2556-$1.1510 fall. Support from between $1.1755-$1.1741.

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