$1.1816-84 Resistance Region......>

EURO-DOLLAR TECHS: $1.1816-84 Resistance Region Key

*RES 4: $1.1884 Alternating hourly support/resistance

*RES 3: $1.1848 High Dec 6

*RES 2: $1.1816 21-DMA

*RES 1: $1.1783 Hourly support Dec 11 now resistance

*PRICE: $1.1770 @ 0530GMT

*SUP 1: $1.1758 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 was 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 ($1.1816) provides bears confidence

with bulls needing a close above to gain breathing room and above $1.1884 to

shift focus back to $1.1940-61.