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Focus On $1.1814-84 Region *RES...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Focus On $1.1814-84 Region
*RES 4: $1.1940 High Dec 1
*RES 3: $1.1884 Alternating hourly support/resistance
*RES 2: $1.1848 High Dec 6
*RES 1: $1.1814 21-DMA
*PRICE: $1.1800 @ 2000GMT
*SUP 1: $1.1729 Low Dec 13 
*SUP 2: $1.1713 Low Nov 21 
*SUP 3: $1.1690 High Nov 3 now support 
*SUP 4: $1.1621 Low Nov 10
*COMMENTARY: The failure by bears to manage a break of the key $1.1690 support
sees the pair correcting higher with bulls now looking for a close above the
21-DMA to add support to the case for a move back to $1.1940-61 and above
$1.1884 to confirm. Daily studies are well placed for further topside. Bears
need the 21-DMA to cap to retain focus on the break of $1.1690 needed to confirm
initial focus on $1.1552 Nov lows.

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