$1.1722 Protects Against A........>

EURO-DOLLAR TECHS: $1.1722 Protects Against A $1.1678-$1.1668 Fall

*RES 4: $1.1861 Nov 15 high

*RES 3: $1.1822/28 Nov 17 high, 76.4% of $1.1861-$1.1722

*RES 2: $1.1809 Nov 20 high

*RES 1: $1.1780/90 Hourly resistance

*PRICE: $1.1740 @0745GMT 

*SUP 1: $1.1722 Nov 17 low

*SUP 2: $1.1678 Nov 10 high, now support

*SUP 3: $1.1668 1.618 swing of $1.1722-$1.1809

*SUP 4: $1.1623/26 Nov 10 low, 76.4% of $1.1554-$1.1861

*COMMENTARY* Finding support from above Friday's $1.1722 low for the time being

and while this holds, there is scope to see a $1.1780-$1.1790 bounce, as we

correct losses from yesterday's $1.1809 high. Will actually require a move back

through the higher $1.1822-$1.1828 area however, before the near term bias can

turn higher again. Direct loss of $1.1722 will target $1.1678-$1.1668, the

latter the swing target of Monday's $1.1722-$1.1809 recovery.