100-DMA Capping, Remains Heavy....>

EURO-DOLLAR TECHS: 100-DMA Capping, Remains Heavy

*RES 4: $1.1725 Low Oct 23 now resistance 

*RES 3: $1.1704 100-DMA 

*RES 2: $1.1690 High Nov 3 

*RES 1: $1.1639 Hourly support Nov 3 now resistance

*PRICE: $1.1608 @ 0205GMT

*SUP 1: $1.1575 Low Oct 27 

*SUP 2: $1.1490 Daily bear channel base 

*SUP 3: $1.1478 Low July 20 

*SUP 4: $1.1369 High July 5 now support

*COMMENTARY: Bears take comfort in the 100-DMA capping attempts to break higher

last week with focus currently on $1.1478-1.1575 where the bear channel base is

noted. O/S daily studies and the Bollinger band base ($1.1560) are now key

concerns for bears with a close below $1.1574 to add weight to their case. Bulls

need a close above the 100-DMA to ease bearish pressure and above $1.1725 to

target the 55-DMA.