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Support Gives Way to Weak Close...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Support Gives Way to Weak Close
*RES 4: 1.1250 High Aug 6
*RES 3: 1.1228 High Aug 13
*RES 2: 1.1199/1208 High Dec 13 / 61.8% of the Jun 25 - Oct 1 decline
*RES 1: 1.1175 High Dec 17
*PRICE: 1.1074 @ 16:35 GMT Dec 20
*SUP 1: 1.1073 Low Dec 20
*SUP 2: 1.1065 100-dma
*SUP 3: 1.1040 Low Dec 6 and key support
*SUP 4: 1.1003 Lower 1.0% 10-dma envelope
The pair finished the week on a sour note, edging back below the 50-dma to sell
off all of the week's early gains. This calls into question December's
moderately bullish outlook, opening further losses down to the 100-dma and early
December lows. A break above the 1.1199 mark is still needed to reinforce any
bullish theme.

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