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Recovery Falters On Approach To...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Recovery Falters On Approach To $1.1690
*RES 4: $1.1754 2 month falling resistance line
*RES 3: $1.1748 1% volatility band
*RES 2: $1.1725/30 Oct 23, Oct 18 lows, now resistance
*RES 1: $1.1690 Nov 3 high
*PRICE: $1.1643 @1035GMT 
*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.

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