Under Pressure Again After........>

EURO-DOLLAR TECHS: Under Pressure Again After $1.1830 Caps Rise On Tuesday

*RES 4: $1.1854 May 16 high

*RES 3: $1.1830 May 22 high, 6 week falling res line

*RES 2: $1.1794 Hourly recovery high May 22

*RES 1: $1.1757/69 May 27 low, hourly resistance

*PRICE: $1.1710 @0815GMT 

*SUP 1: $1.1705 1% volatility band

*SUP 2: $1.1647 1.618 swing of $1.1717-$1.1830

*SUP 3: $1.1616 May 2016 high, now support

*SUP 4: $1.1592 Max 5th wave target in fall from $1.2477

*COMMENTARY* Unable to sustain a break above $1.1822-$1.1824 on Tuesday, a high

of $1.1830 seen, coincidentally also the level of the 6 week falling resistance

line today, before once again giving up ground again. The $1.1717-$1.1709

support has since been under assault, as has the lower 1% volatility band at

$1.1705. A maintained break below here will likely reach the swing target at

$1.1647 next. Resistance meanwhile from $1.1757-$1.1769 and then $1.1794.