$1.1690 Support Key This Week.....>

EURO-DOLLAR TECHS: $1.1690 Support Key This Week

*RES 4: $1.1884 Alternating hourly support/resistance

*RES 3: $1.1848 High Dec 6

*RES 2: $1.1814 High Dec 7

*RES 1: $1.1777 Hourly resistance Dec 8

*PRICE: $1.1766 @ 1930GMT

*SUP 1: $1.1759 55-DMA 

*SUP 2: $1.1713 Low Nov 21 

*SUP 3: $1.1690 High Nov 3 now support 

*SUP 4: $1.1621 Low Nov 10

*COMMENTARY: Losses defined last week although the lack of follow through on the

break of the 55-DMA is less than ideal with the pair bouncing from ahead of

$1.1690-1.1713. Below $1.1690 remains needed to confirm initial focus on $1.1552

Nov lows. Consolidation below the 21-DMA provides bears confidence with bulls

needing a close above $1.1814 to gain breathing room and above $1.1884 to shift

focus back to $1.1940-61.