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Recovery Continues, $1.1660 Now...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Recovery Continues, $1.1660 Now The Bar To Further Gains 
*RES 4: $1.1747 1% volatility band
*RES 3: $1.1725/30 Oct 23, Oct 18 lows, now resistance
*RES 2: $1.1690 Nov 3 high
*RES 1: $1.1660/62 Hourly congestion Nov 2-Nov 3, i'day high
*PRICE: $1.1654 @1030GMT 
*SUP 1: $1.1610/20 Hourly support
*SUP 2: $1.1579 Nov 8 low
*SUP 3: $1.1554 Nov 7 low
*SUP 4: $1.1502/06 swing of $1.1574-$1.1690 & $1.1649-$1.1880
*COMMENTARY* Found support from around the $1.1555 level on Tuesday, before
being rescued by some near term oversold conditions. Thursday's move back above
the previously troublesome $1.1616-$1.1624 is a positive and eyes are now on the
the slightly higher $1.1660 area. Clearly above the latter would give the
recovery a further boost. Meanwhile, $1.1620-$1.1610 is initial support, with
$1.1579 then protecting that $1.1554-55 area again.

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