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Choppy Morning Session *RES 4:....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Choppy Morning Session
*RES 4: 1.1228 High Aug 13
*RES 3: 1.1175/79 200-day MA / Oct 21 high and key bull trigger
*RES 2: 1.1140 High Nov 5
*RES 1: 1.1097 High Nov 21
*PRICE: 1.1061 10:19 GMT Nov 22
*SUP 1: 1.1047 Intraday low
*SUP 2: 1.1015 Low Nov 15
*SUP 3: 1.0989 Low Nov 14 and key support
*SUP 4: 1.0967 Recent double top projection
EUR/USD has been choppy and faced some selling pressure this morning. Support at
the 1.1048/53 zone is also under threat and a clear break would allow for a
deeper intraday sell-off. For now though, the outlook overall remains positive
following recent gains. Clearance of yesterday's 1.1097 high would signal scope
for an extension higher and open 1.1140 and 1.1179, Nov 5 and Oct 21 high
respectively. Key support lies at 1.0989, Nov 12 low.

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