Edges Lower *RES 4: 1.1118/23.....>

EURO-DOLLAR TECHS: Edges Lower

*RES 4: 1.1118/23 High Jan 21 / Trendline drawn off the Dec 31 high

*RES 3: 1.1109 High Jan 23

*RES 2: 1.1081 Former trendline support drawn off the Oct 1 low

*RES 1: 1.1038 High Jan 27

*PRICE: 1.1000 @ 10:20 GMT Jan 29

*SUP 1: 1.0995 Intraday low

*SUP 2: 1.0981 Low Nov 29 and key support

*SUP 3: 1.0966 1.0% Lower 10-dma Envelope

*SUP 4: 1.0952 Low Oct 9

EURUSD maintains a bearish tone and has traded lower again this morning. The

current bearish theme follows last week's break of key trendline support at

1.1074, drawn off the Oct 1 low and reinforces January's bearish activity. The

focus is on the early Dec lows of 1.1003 and the late Nov low of 1.0981.

Momentum studies maintain a bearish posture and continue to point south. Firm

resistance is seen at 1.1083, the former trendline resistance.