Still Congested Support From......>

EURO-DOLLAR TECHS: Still Congested Support From Between $1.1728-$1.1694

*RES 4: $1.1877 Dec 5 high

*RES 3: $1.1848 Dec 6 high

*RES 2: $1.1809/15 Nov 30 low, Dec 7 high

*RES 1: $1.1785/95 Hourly resistance

*PRICE: $1.1785 @0615GMT 

*SUP 1: $1.1728/30 1.618 swing $1.1809-$1.1940, Dec 8 low

*SUP 2: $1.1709/13 61.8% of $1.1554-$1.1961, Nov 21 low

*SUP 3: $1.1694 1.618x 1.1961-$1.1809 from $1.1940

*SUP 4: $1.1650 76.4% Fibo of $1.1554-$1.1961

*COMMENTARY* The decline has broken below key near term support from around the

76.4% Fibo retrace level at $1.1773.  Below and there is still plenty of

congested support now from between $1.1728-$1.$1.1694, that is capable of

providing protection to the next key level, another 76.4% Fibo retrace at

$1.1650. Resistance $1.1785-$1.1795 but back above $1.1809-$1.1815 needed to

generate upside interest.