Rally Eyes $1.1861-$1.1887........>

EURO-DOLLAR TECHS: Rally Eyes $1.1861-$1.1887 Return Next

*RES 4: $1.1966 76.4% Fibo of $1.2093-$1.1554

*RES 3: $1.1937 Underside previously broken support line

*RES 2: $1.1880/87 Oct 12 high, 61.8% of $1.2093-$1.1554

*RES 1: $1.1861 Nov 15 high

*PRICE: $1.1840 @0954GMT 

*SUP 1: $1.1795 Hourly support

*SUP 2: $1.1745/65 Congestion area Nov 20-22

*SUP 3: $1.1713 Nov 21 low

*SUP 4: $1.1678/86 Nov 10 high, broken 3 month res line

*COMMENTARY* The move back above $1.1826 is a near term positive and should

allow an assault on the $1.1861-$1.1887 area next. Any higher and the old broken

support line, at $1.1937 by time today, is then the bar to a further

$1.1952-$1.1966 rise. The former being the 1.618 swing target of the recent

$1.1861-$1.1713 fall. Support moves up to $1.1795, with the congested

$1.1765-$1.1745 area backing it up below.