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$1.1880 Resistance Key To.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.1880 Resistance Key To Further Gains
*RES 4: $1.1880 High Oct 12
*RES 3: $1.1861 High Nov 15 
*RES 2: $1.1822 High Nov 17 
*RES 1: $1.1758 Low Nov 16 now resistance
*PRICE: $1.1731 @ 0530GMT
*SUP 1: $1.1687 21-DMA 
*SUP 2: $1.1678 High Nov 10 now support 
*SUP 3: $1.1638 Hourly support Nov 9 & 10 
*SUP 4: $1.1622 Hourly support Nov 9
*COMMENTARY: The break of the bear channel top and 100-DMA last week saw a
rally, only to remain capped ahead of the previously noted $1.1880 resistance.
Bulls continue to look for a close above this level to confirm traction above
the 55-DMA ($1.1788) and initially target $1.2033. Daily studies approaching O/B
is less than ideal and the Bollinger top ($1.1836) currently limits topside
follow through. Bears need a close below the 21-DMA to target $1.1554.

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