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Finds Support *RES 4: 1.1286......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Finds Support
*RES 4: 1.1286 High Jul 11 and 76.4% of the Jun 25 - Oct 1 Decline
*RES 3: 1.1250 High Aug 6
*RES 2: 1.1239 High Dec 31 and bull trigger
*RES 1: 1.1180 High Jan 3
*PRICE: 1.1163 @ 05:38 GMT Jan 6
*SUP 1: 1.1125 Low Jan 3
*SUP 2: 1.1096 Low Dec 27
*SUP 3: 1.1066/63 Low Dec 20 / 100-dma
*SUP 4: 1.1040 Low Dec 6
EURUSD managed to find support Friday at the day low of 1.1125 and stage a
decent intraday recovery off this level. This reinforces the view the recent
pullback has been corrective, with the underlying outlook still bullish. Last
week saw the pair trade through key resistance of 1.1199, the Dec 13 high
confirming a resumption of the recovery that began in early October. Attention
is on 1.1250, Aug 6 high and 1.1286, Jul 11 high. Support lies at 1.1125.

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