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'Shooting Star' Candle Close......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 'Shooting Star' Candle Close Remains A Near Term Concern
*RES 4: $1.1927 Underside previously broken support line
*RES 3: $1.1880/87 Oct 12 high, 61.8% of $1.2093-$1.1554
*RES 2: $1.1861 Nov 15 high
*RES 1: $1.1825/35 Hourly resistance
*PRICE: $1.1807 @0520GMT 
*SUP 1: $1.1745 Hourly base Nov 14
*SUP 2: $1.1700/05 Hourly highs/lows Nov 14
*SUP 3: $1.1678 Nov 10 high, now support
*SUP 4: $1.1623 Nov 10 low
*COMMENTARY* The rally reached $1.1861 on Wednesday, pulling up shy of a retest
to the more important $1.1880-$1.1887 area. Had become stretched on a near term
basis and the appearance of a potentially bearish 'Shooting Star' candle at
Wednesday's close is also a concern. Having lost $1.1785 there is scope for some
correction, $1.1745-$1.1700 the immediate interest below, last Friday's $1.1678
high of more significance lower.

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