Recovery Faltering Beneath........>

EURO-DOLLAR TECHS: Recovery Faltering Beneath 76.4% Fibo Level

*RES 4: $1.1911 1% volatility band

*RES 3: $1.1880 Oct 12 high

*RES 2: $1.1858 Oct 19-Oct 20 highs

*RES 1: $1.1843 76.4% Fibo of $1.1880-$1.1725

*PRICE: $1.1812 @0900GMT 

*SUP 1: $1.1793 Oct 24 high, now support

*SUP 2: $1.1750/60 Congestion area Oct 24-25

*SUP 3: $1.1725/30 Oct 23, Oct 18 lows

*SUP 4: $1.1705 Congestion area Oct 5-6

*COMMENTARY* Pressure has been back on the base of the recent consolidation, a

low of $1.1725 on Monday. The subsequent bounce helps to remove some of the

resultant oversold conditions and the move above $1.1795 is encouraging for at

least a $1.1826-$1.1843 rise. As a result, nearest support now $1.1793 but the

$1.1760-$1.1750 area is of more importance lower. Loss will caution and put

$1.1725-$1.1705 in focus again. Above $1.1843 and $1.1858-$1.1880 next higher.