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$1.1689-1.1725 Resistance.........>

EURO-DOLLAR TECHS: $1.1689-1.1725 Resistance Remains Key
*RES 4: $1.1785 Hourly resistance Oct 26 
*RES 3: $1.1725 Low Oct 23 now resistance 
*RES 2: $1.1689 Hourly support Oct 26 now resistance 
*RES 1: $1.1659 Hourly resistance Oct 26
*PRICE: $1.1633 @ 0205GMT
*SUP 1: $1.1575 Low Oct 27 
*SUP 2: $1.1522 Daily bear channel base 
*SUP 3: $1.1478 Low July 20 
*SUP 4: $1.1369 High July 5 now support
*COMMENTARY: Following the topside failure around the 55-DMA ($1.1830) last week
the pair headed lower with bears focused on $1.1478-1.1575 where the bear
channel base is noted. The weekly close below the 200-WMA ($1.1671) added weight
to the bearish case. The Bollinger base ($1.1616) remains the key concern and
currently limits follow through. Bulls need a close above $1.1689 to ease
bearish pressure and above $1.1725 to target the 55-DMA.

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