Back Under Pressure As Decline....>

EURO-DOLLAR TECHS: Back Under Pressure As Decline Continues, $1.1773 Important

*RES 4: $1.1961/66 Nov 27 high, 76.4% Fibo of $1.2093-$1.1554

*RES 3: $1.1900/10 Hourly congestion Nov 27, 28, 30 Dec 1

*RES 2: $1.1877/83 Dec 5, Nov 29 highs

*RES 1: $1.1848/58 Hourly resistance

*PRICE: $1.1821 @0905GMT 

*SUP 1: $1.1788/99 Hourly support

*SUP 2: $1.1773 Initial recovery high Nov 22, 76.4% Fibo

*SUP 3: $1.1746 1% volatility band

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

*COMMENTARY* $1.1809 support came back under assault late on Tuesday, can allow

an overshoot to $1.1799-$1.1788 but a loss of $1.1773 would concern and suggest

a deeper correction underway, with $1.1746-$1.1728 the next region of support

ahead of the Nov 21 low at $1.1713. As a result, resistance falls to

$1.1848-$1.1858 and then the $1.1877-$1.1883 region   but currently likely

needing a move back above the now pivotal $1.1900-$1.1910 for impact.