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Weak Finish *RES 4: 1.1228 High...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Weak Finish
*RES 4: 1.1228 High Aug 13
*RES 3: 1.1175/79 200-day MA / Oct 21 high and key bull trigger
*RES 2: 1.1140 High Nov 5
*RES 1: 1.1097 High Nov 21
*PRICE: 1.1033 16:00 GMT Nov 22
*SUP 1: 1.1031 Intraday low
*SUP 2: 1.1015 Low Nov 15
*SUP 3: 1.0989 Low Nov 14 and key support
*SUP 4: 1.0967 Recent double top projection
EUR/USD succumbed to selling pressure in the latter half of the Friday session,
prompting a poor finish for the pair. Support at the 1.1048/53 zone gave way,
opening further losses as markets resume trading Monday. A recovery above the
week's 1.1097 high is now needed to repair the outlook and would signal scope
for an extension higher and open 1.1140 and 1.1179, Nov 5 and Oct 21 high
respectively. Key support lies at 1.0989, Nov 12 low.

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