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.