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Starts The Week On The Back.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Starts The Week On The Back Foot
*RES 4: 1.1228 High Aug 13
*RES 3: 1.1173/79 200-day MA / Oct 21 high and key bull trigger
*RES 2: 1.1140 High Nov 5
*RES 1: 1.1097 High Nov 21 and bull trigger
*PRICE: 1.1023 05:25 GMT Nov 25
*SUP 1: 1.1014 Intraday low
*SUP 2: 1.0989 Low Nov 14 and key support
*SUP 3: 1.0967 Recent double top projection
*SUP 4: 1.0950 76.4% retracement of Oct 1 - Oct 21 rally
EUR/USD succumbed to selling pressure Friday, prompting a poor finish for the
pair. Support at the 1.1048/53 zone gave way, opening scope for further losses
near-term as the pair appears vulnerable once again. A move lower would open
1.0989, Nov 14 low and 1.0967, the double top projection confirmed back on Nov
5. A recovery above last week's 1.1097 high is required to negate the bearish
threat and open 1.1140 and 1.1179 once again.

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