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Decline Edges Towards Next........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Decline Edges Towards Next $1.1809-$1.1773 Support Area
*RES 4: $1.2020 Equality rise from $1.1713 to $1.1554-$1.1861
*RES 3: $1.1961/66 Nov 27 high, 76.4% Fibo of $1.2093-$1.1554
*RES 2: $1.1920 Nov 28 high
*RES 1: $1.1876/83 Intraday, Nov 29 highs
*PRICE: $1.1818 @1012GMT 
*SUP 1: $1.1809 Nov 20 high, now support
*SUP 2: $1.1791 1.618 swing of $1.1826-$1.1883
*SUP 3: $1.1773 Initial recovery high Nov 22, now support
*SUP 4: $1.1757 50% Fibo of $1.1554-$1.1961
*COMMENTARY* Moved through the swing target at $1.1952 on Monday but was unable
to deal with Fibo resistance at $1.1966. A high of $1.1961 before retreating and
with the subsequent loss of $1.1861-$1.1837 support, this now has the scope to
see $1.1809-$1.1791 next. Any lower and $1.1773 protects against an eventual
$1.1713 return. Meanwhile, resistance comes initially from $1.1876 but back
above yesterday's $1.1883 high needed to generate fresh upside interest.

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