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Ends Week On A Soft Note *RES.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Ends Week On A Soft Note
*RES 4: 1.1192 200-DMA
*RES 3: 1.1179 High Oct 21 and bull trigger
*RES 2: 1.1140 High Nov 5
*RES 1: 1.1093 High Nov 6
*PRICE: 1.1019 17:21 GMT Nov 8
*SUP 1: 1.0991 Low Oct 15
*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 has remained under pressure today extending this week weakness.2The
sell-off this week has seen prices clear support at 1.1073 to confirm a double
top reversal. The double top confirmation is not a significant reversal, but
does suggest scope for a deeper S/T decline towards 1.0967, the patterns
projection. Resistance is seen at 1.1093, Wednesday's high however a break above
1.1140 is needed to ease the bearish pressure. Heavy for now!

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