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Edges Below 1.1000 *RES 4:........>

EURO-DOLLAR TECHS: Edges Below 1.1000
*RES 4: 1.1179 High Oct 21 and 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: 1.0999 17:28 GMT Nov 13
*SUP 1: 1.0994/91 Low Oct 15 / 61.8% of Oct 1 - Oct 21 rally
*SUP 2: 1.0967 Double top projection
*SUP 3: 1.0950 76.4% of Oct 1 - Oct 21 climb
*SUP 4: 1.0904 Oct 2 low
EURUSD continued lower Wednesday trading below 1.1000. A near term bearish
outlook remains intact following the recent double top reversal. This was
confirmed on Nov 5 with the break of 1.1073, Oct 25 low. The double top is not a
significant reversal, but does highlight the potential for a deeper short-term
decline towards 1.0967, the patterns projection. Resistance is seen at 1.1093,
look for the pair to extend the downside for now.

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