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Rally Falters Ahead Of $1.1966....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Rally Falters Ahead Of $1.1966 Fibo Resistance 
*RES 4: $1.2034 Sep 20 high
*RES 3: $1.2020 Equality rise from $1.1713 to $1.1554-$1.1861
*RES 2: $1.1961/66 Nov 27 high, 76.4% Fibo of $1.2093-$1.1554
*RES 1: $1.1920/30 Hourly resistance
*PRICE: $1.1877 @1640GMT 
*SUP 1: $1.1861 Nov 15 high, now support
*SUP 2: $1.1837 Nov 24 low
*SUP 3: $1.1809 Nov 20 high, now support
*SUP 4: $1.1773 Initial recovery high Nov 22, now support
*COMMENTARY* Having moved through the swing target at $1.1952, Monday's rally
was unable to deal with Fibo resistance at $1.1966. A high of $1.1961 seen
before retreating on the back of some overbought hourly conditions. Now looking
to support from between $1.1861-$1.1837 to stem the fall, if a renewed upside
challenge is to be seen at this juncture. Loss of $1.1837 would allow a deeper
$1.1809-$1.1773 fall.

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