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EURUSD TECHS

Still Trading Below The Bear Channel Top

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BOBL TECHS
BOBL TECHS: (H18) Support Still Seen Between 132.25 And Key 132.15
*RES 4: 133.15 1.618 swing of 132.70-131.97
*RES 3: 132.74/78 Dec 7 high, 76.4% Fibo of 133.36-130.92
*RES 2: 132.62 Dec 11 high
*RES 1: 132.55/57 Dec 13 high, hourly resistance
*PRICE: 132.32 @1612GMT
*SUP 1: 132.24/25 Hourly low Dec 1, Dec 4, Dec 14 lows
*SUP 2: 132.15 Initial rally high Nov 30, now support
*SUP 3: 132.11 9 week rising support line
*SUP 4: 131.97 Nov 30 low
*COMMENTARY* The 132.70-132.78 area has proved too tough to break so far this
month. A high of 132.74 before eventually giving way to some near term
overbought conditions. With the subsequent loss of 132.53-132.43, this now sees
132.25-132.24 as the next support ahead of the key 132.15 level. Ideally have to
hold above here to retain recent upside momentum. Resistance meanwhile falls to
132.55-132.62.

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