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EURO-DOLLAR TECHS: Still Vulnerable Near-Term
*RES 4: 1.1228 High Aug 13
*RES 3: 1.1172/79 200-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: 1.1013 05:20 GMT Nov 26
*SUP 1: 1.0989 Low Nov 14 and key support
*SUP 2: 1.0967 Recent double top projection
*SUP 3: 1.0950 76.4% retracement of Oct 1 - Oct 21 rally
*SUP 4: 1.0904 - Low Oct 2
EUR/USD maintained a bearish stance Monday extending last weeks pullback off
resistance at 1.1097, Nov 21 high. Support at the 1.1048/53 zone has been
breached and this further reinforces the current short-term bearish picture. The
focus is on 1.0989, Nov 14 low and 1.0967, the double top projection confirmed
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.