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Pressuring Key 55-DMA Support.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Pressuring Key 55-DMA Support
*RES 4: $1.1961 High Nov 27
*RES 3: $1.1940 High Dec 1
*RES 2: $1.1884 Alternating hourly support/resistance
*RES 1: $1.1848 High Dec 6
*PRICE: $1.1792 @ 2000GMT
*SUP 1: $1.1766 55-DMA 
*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 daily bull channel top ($1.2066) capped last week and now sees
the pair gaining traction below the channel base ($1.1875) and pressuring key
DMAs. Bears continue to look for a close below the 55-DMA to confirm an easing
of bullish pressure and below $1.1690 to confirm initial focus on $1.1552 Nov
lows. Bulls now look for a close above $1.1848 to gain breathing room and above
$1.1884 to shift focus back to $1.1940-61.

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