Continued Pressure While..........>

EURO-DOLLAR TECHS: Continued Pressure While $1.1775-$1.1785 Caps

*RES 4: $1.1861 Nov 15 high

*RES 3: $1.1822/26 Nov 17 high, 76.4% of $1.1861-$1.1713

*RES 2: $1.1809 Nov 20 high

*RES 1: $1.1775/85 Hourly resistance

*PRICE: $1.1743 @1645GMT 

*SUP 1: $1.1713/22 Nov 21, Nov 17 lows

*SUP 2: $1.1678 Nov 10 high, now support

*SUP 3: $1.1668 1.618 swing of $1.1722-$1.1809

*SUP 4: $1.1623/26 Nov 10 low, 76.4% of $1.1554-$1.1861

*COMMENTARY* Pressured Friday's $1.1722 low, a dip to $1.1713 seen today. While

this area holds, there is scope to see a $1.1775-$1.1785 bounce, as we correct

losses from yesterday's $1.1809 high. Will actually require a move back through

the higher $1.1822-$1.1826 area however, before the near term bias can turn

positive again. Direct loss of $1.1713 will target $1.1678-$1.1668, the latter

the swing target of Monday's $1.1722-$1.1809 recovery.