Pressure Returns To The...........>

EURO-DOLLAR TECHS: Pressure Returns To The Downside, While $1.1793-$1.1815 Caps

*RES 4: $1.1848 Dec 6 high

*RES 3: $1.1812/15 Dec 11, Dec 7 highs

*RES 2: $1.1793 Dec 12 high

*RES 1: $1.1765/75 Hourly resistance

*PRICE: $1.1751 @1000GMT 

*SUP 1: $1.1709/13 61.8% of $1.1554-$1.1961, Nov 21 low

*SUP 2: $1.1679/94 1% vol, 1.618x 1.1961-$1.1809 from $1.1940

*SUP 3: $1.1650 76.4% Fibo of $1.1554-$1.1961

*SUP 4: $1.1581 Top of broken 4 month resistance line

*COMMENTARY* Failure to move through $1.1812-$1.1815 on Monday was the catalyst

for the latest fall below $1.1750, which once again sees focus return to

$1.1713-$1.1709 support. While held above here, look to $1.1765-$1.1775 for

initial resistance, above and $1.1793 now bars the way to still important

$1.1812-$1.1815. Loss of $1.1709 will trigger potential for a further

$1.1694-$1.1650 fall. Only below the latter will open up $1.1581-$1.1554.