$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: $1.1629 @ 0530GMT

*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.