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Consolidating *RES 3: 1.1239......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Consolidating
*RES 3: 1.1239 High Dec 31 and bull trigger
*RES 2: 1.1206 High Jan 6
*RES 1: 1.1168 High Jan 8
*PRICE: 1.1157 @ 16:34 GMT Jan 15
*SUP 1: 1.1085 Low Jan 10
*SUP 2: 1.1066 Low Dec 20 / 100-dma
*SUP 3: 1.1059/40 Trendline support drawn off the Oct 1 low / Low Dec 6
EURUSD traded firmer Wednesday, but held below previously defined resistance
levels. Recent gains continue to be viewed as a correction and the pair is
expected to maintain a softer tone following last week's sell-off. The move
lower this month, risks a deeper pullback towards 1.1066, the Dec 20 low where a
break would strengthen a bearish case and expose trendline support at 1.1059
drawn off the Oct 1 low. For bulls, a break of resistance at 1.1168, Jan 8 high
would offset the bearish threat.

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