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$1.1809 back Under Pressure As....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.1809 back Under Pressure As Decline Continues
*RES 4: $1.1961/66 Nov 27 high, 76.4% Fibo of $1.2093-$1.1554
*RES 3: $1.1940 Dec 1 high
*RES 2: $1.1910 Hourly resistance
*RES 1: $1.1877 Intraday high
*PRICE: $1.1827 @1620GMT 
*SUP 1: $1.1809 Nov 20 high, Nov 30 low, 61.8% Fibo
*SUP 2: $1.1773 Initial recovery high Nov 22, 76.4% Fibo
*SUP 3: $1.1746 1% volatility band
*SUP 4: $1.1728 1.618 swing of $1.1809-$1.1940
*COMMENTARY* Back to testing $1.1809 support again after failed attempts to
recover over the last couple of days. Can allow an overshoot to $1.1799-$1.1788
but a loss of $1.1773 would concern and suggest a deeper correction underway,
with $1.1746-$1.1728 the next region of support ahead of the Nov 21 low at
$1.1713. As a result, resistance falls to the day's $1.1877 high but likely
needing a move back above the now pivotal $1.1910 for impact.

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