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Levitates into the Close *RES.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Levitates into the Close
*RES 3: 1.1140 High Nov 5
*RES 2: 1.1097 High Nov 21 and bull trigger
*RES 1: 1.1061 Trendline resistance drawn off the Nov 4 high
*PRICE: 1.1019 16:48 GMT Nov 29
*SUP 1: 1.0981 Low Nov 29
*SUP 2: 1.0967 Recent double top projection
*SUP 3: 1.0950 76.4% retracement of Oct 1 - Oct 21 rally
After a particularly quiet morning, EUR/USD levitated into the close on little
news, but the rally looked too impulsive and will be insufficient to trigger any
more bullish themes. As such, the pair remains bearish following the recent
pullback off resistance at 1.1097, Nov 21 high. Momentum studies are bearish too
reinforcing the current short-term downside threat. The focus is on a move to
1.0989, Nov 14 low and 1.0967, the double top projection confirmed on Nov 5. A
move above last week's 1.1097 high is required to negate the bearish threat and
open 1.1140 and 1.1179.

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