$1.1825-$1.1828 The Immediate.....>

EURO-DOLLAR TECHS: $1.1825-$1.1828 The Immediate Barrier To This Recovery

*RES 4: $1.1931 Underside previously broken support line

*RES 3: $1.1880/87 Oct 12 high, 61.8% of $1.2093-$1.1554

*RES 2: $1.1861 Nov 15 high

*RES 1: $1.1825/28 Hourly resistance

*PRICE: $1.1798 @0955GMT 

*SUP 1: $1.1745/50 Hourly base Nov 14, hourly support

*SUP 2: $1.1722 Nov 17 low

*SUP 3: $1.1678 Nov 10 high, now support

*SUP 4: $1.1623 Nov 10 low

*COMMENTARY* The rally reached $1.1861 last Wednesday, pulling up shy of a

retest to the more important $1.1880-$1.1887 area. Had become stretched on a

near term basis and the appearance of a potentially bearish 'Shooting Star'

candle at Wednesday's close became a concern. Having lost $1.1785 there is scope

for some correction, $1.1750-$1.1722 the immediate interest below, last Friday's

$1.1678 high of more significance lower. Above $1.1887 and look to $1.1931-40.