Risking Correction To.............>

EURO-DOLLAR TECHS: Risking Correction To $1.1690-1.1732

*RES 4: $1.1732 Daily Bear channel top 

*RES 3: $1.1725 Low Oct 23 now resistance 

*RES 2: $1.1717 100-DMA 

*RES 1: $1.1690 High Nov 3

*PRICE: $1.1648 @ 2000GMT

*SUP 1: $1.1622 Hourly support Nov 9 

*SUP 2: $1.1579 Low Nov 8 

*SUP 3: $1.1554 Low Nov 7 

*SUP 4: $1.1525 Bollinger band base

*COMMENTARY: The recovery from the week's low so far sees a likely close above

$1.1624 which eases immediate bearish pressure and increases the risk of a

correction back to layers of resistance $1.1690-1.1732 where the bear channel

top is located. Bulls continue to look for a close above the channel top to

shift focus to $1.1810-80 where the 55-DMA is situated. Bears now need a close

back below $1.1622 to return immediate pressure to $1.1554.