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Remains Vulnerable *RES 4:........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Remains Vulnerable
*RES 4: 1.1192 200-DMA
*RES 3: 1.1179 High Oct 21 and bull trigger
*RES 2: 1.1140 High Nov 5
*RES 1: 1.1093 High Nov 6
*PRICE: 1.1044 10:29 GMT Nov 8
*SUP 1: 1.1023/29 Low Oct 16 / 50.0% of Oct 1 - Oct 21 climb
*SUP 2: 1.0991 Low Oct 15
*SUP 3: 1.0967 Double top projection
*SUP 4: 1.0950 76.4% of Oct 1 - Oct 21 climb
EURUSD although quiet this morning, the pair remains vulnerable. The sell-off
this week has seen prices clear support at 1.1073 to confirm a double top
reversal. The double top confirmation is not a significant reversal, but does
suggest scope for a deeper S/T decline towards 1.0967, the patterns projection.
Resistance is seen at 1.1093, Wednesday's high however a break above 1.1140 is
needed to ease the bearish pressure. Heavy for now!

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