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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.

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