$1.1809 Support Holds And.........>

EURO-DOLLAR TECHS: $1.1809 Support Holds And Launches Recovery

*RES 4: $1.2055 1.618 swing of $1.1961-$1.1809

*RES 3: $1.2020 Equality rise from $1.1713 to $1.1554-$1.1861

*RES 2: $1.1961/66 Nov 27 high, 76.4% Fibo of $1.2093-$1.1554

*RES 1: $1.1927/32 Hourly high Nov 27, intraday high

*PRICE: $1.1906 @1645GMT 

*SUP 1: $1.1840/55 Hourly support

*SUP 2: $1.1809 Nov 20 high, now support

*SUP 3: $1.1791 1.618 swing of $1.1826-$1.1883

*SUP 4: $1.1773 Initial recovery high Nov 22, now support

*COMMENTARY* Moved through the swing target at $1.1952 on Monday but was unable

to deal with Fibo resistance at $1.1966. A high of $1.1961 before retreating and

with the subsequent loss of $1.1861-$1.1837 support, this now has the scope to

see $1.1809-$1.1791 next. Meanwhile, the move back above $1.1876-$1.1883 is

encouraging $1.1927-$1.1932 now in the way of a fresh upside challenge,

$1.2020-$1.2055 on any move through $1.1966.