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Bears Need Close Below $1.1575....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bears Need Close Below $1.1575
*RES 4: $1.1708 100-DMA 
*RES 3: $1.1690 High Nov 3 
*RES 2: $1.1639 Hourly support Nov 3 now resistance 
*RES 1: $1.1624 High Nov 6
*PRICE: $1.1609 @ 0530GMT
*SUP 1: $1.1575 Low Oct 27 
*SUP 2: $1.1482 Daily bear channel base 
*SUP 3: $1.1478 Low July 20 
*SUP 4: $1.1369 High July 5 now support
*COMMENTARY: Bears took comfort in the 100-DMA capping attempts to break higher
last week with focus currently on $1.1478-1.1575 where the bear channel base is
noted. O/S daily studies and the Bollinger band base ($1.1544) remain key
concerns for bears with a close below $1.1575 to add weight to their case.
Layers of resistance remain with bulls needing a close above the bear channel
top ($1.1757) to shift focus to $1.1817-80.

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