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21-DMA Support Remains Key *RES...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 21-DMA Support Remains Key
*RES 4: $1.1880 High Oct 12
*RES 3: $1.1861 High Nov 15 
*RES 2: $1.1822 High Nov 17 
*RES 1: $1.1785 55-DMA
*PRICE: $1.1747 @ 2000GMT
*SUP 1: $1.1713 Low Nov 21 
*SUP 2: $1.1685 21-DMA 
*SUP 3: $1.1678 High Nov 10 now support 
*SUP 4: $1.1638 Hourly support Nov 9 & 10
*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 $1.1880 to confirm traction above the
55-DMA ($1.1785) and initially target $1.2033. O/B Daily studies looking to
correct is less than ideal and the Bollinger top ($1.1834) recently limited
follow through. Bears need a close below the 21-DMA to target $1.1554.

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