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

EURO-DOLLAR TECHS
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: $1.1722 100-DMA 
*RES 1: $1.1690 High Nov 3
*PRICE: $1.1646 @ 0530GMT
*SUP 1: $1.1638 Hourly support Nov 9 & 10 
*SUP 2: $1.1622 Hourly support Nov 9 
*SUP 3: $1.1579 Low Nov 8 
*SUP 4: $1.1554 Low Nov 7
*COMMENTARY: The recovery from the week's low so far saw a close above $1.1624,
easing immediate bearish pressure and increasing 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.

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