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EURO-DOLLAR TECHS: Continues To Find Support
*RES 4: 1.1179 Oct 21 high and key bull trigger
*RES 3: 1.1140 High Nov 5
*RES 2: 1.1093 High Nov 6
*RES 1: 1.1073 Former double top midpoint
*PRICE: 1.1060 05:25 GMT Nov 18
*SUP 1: 1.1015 Low Nov 15
*SUP 2: 1.0989 Low Nov 14 and key support
*SUP 3: 1.0967 Double top projection
*SUP 4: 1.0950 76.4% of Oct 1 - Oct 21 climb
EURUSD ended last week on a firmer note and has pushed higher overnight. It is
too early to tell whether this recovery marks the end of the recent sell-off.
For now, attention is on resistance at 1.1073, Oct 25 low and the former double
top mid-point. A break above this resistance and above 1.1093, Nov 6 high is
needed to suggest the possibility of a stronger recovery. The key near-term
support is 1.0989, last weeks low. A break would resume a bearish theme.