$1.1880 Resistance Remains Key....>

EURO-DOLLAR TECHS: $1.1880 Resistance Remains Key

*RES 4: $1.2033 High Sept 20 

*RES 3: $1.1880 High Oct 12 

*RES 2: $1.1865 Bollinger band top 

*RES 1: $1.1841 55-DMA

*PRICE: $1.1823 @ 0430GMT

*SUP 1: $1.1811 Hourly support Oct 26 

*SUP 2: $1.1799 Hourly support Oct 25 

*SUP 3: $1.1783 21-DMA 

*SUP 4: $1.1742 Low Oct 24

*COMMENTARY: The recovery from last week's low sees pressure back on the 55-DMA

as the pair flirts with the bear channel top ($1.1821) and gains traction above

the 21-DMA ($1.1783). Bulls now look for a close above $1.1880 to confirm breaks

of the channel top and 55-DMA, shifting focus back to $1.2033. The Bollinger

band top is the key concern for bulls. Bears now need a close below the 21-DMA

to ease pressure on key resistance layers.