Recovery Falters On Approach To...>

EURO-DOLLAR TECHS: Recovery Falters On Approach To $1.1690

*RES 4: $1.1761 2 month falling resistance line

*RES 3: $1.1749 1% volatility band

*RES 2: $1.1725/30 Oct 23, Oct 18 lows, now resistance

*RES 1: $1.1690 Nov 3 high

*PRICE: $1.1655 @0610GMT 

*SUP 1: $1.1623 Nov 10 low

*SUP 2: $1.1600 Hourly congestion area Nov 8-9

*SUP 3: $1.1579 Nov 8 low

*SUP 4: $1.1554 Nov 7 low

*COMMENTARY* Found support from around the $1.1555 level last Tuesday, before

being rescued by some near term oversold conditions. Thursday's move back above

the previously troublesome $1.1660 area is a positive and eyes are now on the

the slightly higher $1.1690 high from Nov 3. Clearly above the latter would give

the recovery a further boost. Meanwhile, Friday's $1.1623 low is initial

support, with $1.1600-$1.1579 then protecting that $1.1554-55 area again.