Above $1.1812-$1.1815 Needed To...>

EURO-DOLLAR TECHS: Above $1.1812-$1.1815 Needed To Generate Fresh Upside Focus

*RES 4: $1.1906 76.4% Fibo of $1.1961-$1.1730

*RES 3: $1.1873/77 61.8% of $1.1961-$1.1730, Dec 5 high

*RES 2: $1.1848 Dec 6 high

*RES 1: $1.1812/15 Dec 11, Dec 7 highs

*PRICE: $1.1780 @1010GMT 

*SUP 1: $1.1750/65 Hourly support, intraday low

*SUP 2: $1.1728/30 1.618 swing $1.1809-$1.1940, Dec 8 low

*SUP 3: $1.1709/13 61.8% of $1.1554-$1.1961, Nov 21 low

*SUP 4: $1.1694 1.618x 1.1961-$1.1809 from $1.1940

*COMMENTARY* Rallied into the middle of $1.1809-$1.1815 resistance on Monday,

still requiring a break above the latter, before the way becomes clear for a

better correction of losses sustained since the recent $1.1940-$1.1961 highs.

While capped around $1.1815, then the immediate risk is for a $1.1765-$1.1750

pullback. Below the latter will once again see attention focus on

$1.1730-$1.1694, ahead of the 76.4% Fibo retrace at $1.1650.