(U18) Decline Enters Congested.........>

SCHATZ TECHS: (U18) Decline Enters Congested 111.890-111.880 Support

*RES 4: 112.060 Jun 5, Jun 8 highs

*RES 3: 112.030 Hourly highs Jun 8-Jun 11

*RES 2: 112.000 Hourly high Jun 11

*RES 1: 111.960 Hourly resistance

*PRICE: 111.910 @0745GMT

*SUP 1: 111.890 Jun 12 low, May 21 high, 0.1% volatility band

*SUP 2: 111.880 76.4% of 111.710-112.420

*SUP 3: 111.830 76.4% of 111.650-112.420

*SUP 4: 111.820 1.618 swing of 111.910-112.060

*COMMENTARY* The failure to move above 112.060 again was the catalyst for the

latest fall below 111.910, into the congested 111.890-111.880 support area. Has

been held there so far but while rallies are capped into 111.960-112.000 the

risk for lower will remain, the 111.830-111.820 region then the favoured target

below. Above 112.000 will bring 112.030-112-060 resistance to the fore again.