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

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: $1.1800 @ 0530GMT

*SUP 1: $1.1764 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.