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Another Topside Challenge After...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Another Topside Challenge After $1.1840 Support Holds
*RES 4: $1.2055 1.618 swing of $1.1961-$1.1809
*RES 3: $1.2020 Equality rise from $1.1713 to $1.1554-$1.1861
*RES 2: $1.1961/66 Nov 27 high, 76.4% Fibo of $1.2093-$1.1554
*RES 1: $1.1940 intraday high
*PRICE: $1.1909 @1640GMT 
*SUP 1: $1.1875/85 Hourly support
*SUP 2: $1.1840/51 Hourly congestion Nov 28-30, i'day low
*SUP 3: $1.1809 Nov 20 high, Nov 30 low
*SUP 4: $1.1773 Initial recovery high Nov 22, now support
*COMMENTARY* Found support on Thursday from the Nov 20 high at $1.1809, also a
61.8% retrace of the preceding $1.1713-$1.1961 rise, seen over the latter end of
last month. The subsequent recovery has squeezed back above the near term pivot
at $1.1925 but as yet without any conviction. This and some overbought hourly
conditions can conspire to see some correction, $1.1885-$1.1840 as initial
support. Above $1.1961-66 needed to prompt a further $1.2020-$1.2055 rise.

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