Capped Ahead Of $1.1884 For Now...>

EURO-DOLLAR TECHS: Capped Ahead Of $1.1884 For Now

*RES 4: $1.1940 High Dec 1

*RES 3: $1.1884 Alternating hourly support/resistance

*RES 2: $1.1862 High Dec 14

*RES 1: $1.1811 Hourly support Dec 14 now resistance

*PRICE: $1.1783 @ 0530GMT

*SUP 1: $1.1758 55-DMA 

*SUP 2: $1.1729 Low Dec 13 

*SUP 3: $1.1713 Low Nov 21 

*SUP 4: $1.1690 High Nov 3 now support

*COMMENTARY: The lack of follow through after Wednesday's rally and the spike

towards $1.1884 Thursday is less than ideal for bulls. Bears now look for a

close below the 55-DMA to confirm a return in focus to the key $1.1690 support.

Below $1.1690 remains needed to target $1.1552 Nov lows. Bulls now need a close

above $1.1811 to retain focus on the 1.1940-61 region with a close above $1.1884

also needed to add support to the bullish case.