Consolidating *RES 4: 1.1250......>

EURO-DOLLAR TECHS: Consolidating

*RES 4: 1.1250 High Aug 6

*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: 1.1128 @ 10:18 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

*SUP 4: 1.1003 Low Dec 2

EURUSD remains marginally firmer for now. Recent gains however 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.