Below $1.1690 Targets Nov Lows....>

EURO-DOLLAR TECHS: Below $1.1690 Targets Nov Lows

*RES 4: $1.1848 High Dec 6

*RES 3: $1.1815 21-DMA

*RES 2: $1.1793 High Dec 12

*RES 1: $1.1764 Hourly support Dec 12 now resistance

*PRICE: $1.1731 @ 2000GMT

*SUP 1: $1.1713 Low Nov 21 

*SUP 2: $1.1690 High Nov 3 now support 

*SUP 3: $1.1621 Low Nov 10 

*SUP 4: $1.1554 Monthly Low Nov 7

*COMMENTARY: With the 21-DMA having capped since Thursday's close below the pair

remains heavy with immediate focus on $1.1690. Below $1.1690 remains needed to

confirm initial focus on $1.1552 Nov lows. Layers of resistance are building and

weighing with bulls needing a close above $1.1764 to gain breathing room. A

close above the 21-DMA is needed to hint at a correction with above $1.1884 to

shift focus back to $1.1940-61.