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EURO-DOLLAR TECHS: Bearish Theme Holds For Now
*RES 4: 1.1140 High Nov 5
*RES 3: 1.1093 High Nov 6
*RES 2: 1.1073 Former double top midpoint
*RES 1: 1.1043 Nov 11 high
*PRICE: 1.1025 05:33 GMT Nov 15
*SUP 1: 1.0989 Low Nov 14
*SUP 2: 1.0967 Double top projection
*SUP 3: 1.0950 76.4% of Oct 1 - Oct 21 climb
*SUP 4: 1.0904 Oct 2 low
EURUSD found some support yesterday at 1.0989 however despite this, the
near-term bearish outlook remains intact. This follows the extension lower this
week with the recent double top confirmation continuing to reflect bearish
sentiment. The double top has allowed a correction to unfold following the
reversal of the Oct 1- Oct 21 rally and projects weakness to 1.0967. Resistance
is seen at 1.1073, the double top midpoint.