$1.1900-$1.1915 Resistance........>

EURO-DOLLAR TECHS: $1.1900-$1.1915 Resistance Keeps Pressure On Downside

*RES 4: $1.2020 Equality rise from $1.1713 to $1.1554-$1.1861

*RES 3: $1.1961/66 Nov 27 high, 76.4% Fibo of $1.2093-$1.1554

*RES 2: $1.1940 Dec 1 high

*RES 1: $1.1900/15 Hourly resistance

*PRICE: $1.1850 @0850GMT 

*SUP 1: $1.1829/36 Dec 4 low, hourly support

*SUP 2: $1.1809 Nov 20 high, Nov 30 low, 61.8% Fibo

*SUP 3: $1.1773 Initial recovery high Nov 22, 76.4% Fibo

*SUP 4: $1.1728 1.618 swing of $1.1809-$1.1940

*COMMENTARY* Found support last Thursday from the Nov 20 high at $1.1809, also a

61.8% retrace of the preceding $1.1713-$1.1961 rise, seen at the end of last

month. The subsequent recovery squeezed back above the near term pivot at

$1.1925 to $1.1940 but without any real conviction. Meanwhile overbought hourly

conditions are being corrected, support from $1.1836-$1.1829 now the protection

to $1.1809 again. Beneath which $1.1773 then becomes important.