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Firmer *RES 4: 1.1228 High Aug....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Firmer
*RES 4: 1.1228 High Aug 13
*RES 3: 1.1199/1208 High Dec 13 / 61.8% of the Jun 25 - Oct 1 decline
*RES 2: 1.1175 High Dec 17
*RES 1: 1.1125 High Dec 20
*PRICE: 1.1120 @ 05:35 GMT Dec 27
*SUP 1: 1.1066/61 Low Dec 20 / 100-dma
*SUP 2: 1.1040 Low Dec 6 and key support
*SUP 3: 1.0999 Lower 1.0% 10-dma envelope
*SUP 4: 1.0981 Low Nov 29 and key support
EURUSD has started today's session on a firmer note with gains dominating the
Asia-Pac session. Early indications are that the recent pullback has run its
course, defining a key short-term support at 1.1066, Dec 12 low. A move above
1.1125 would reinforce a positive theme and signal potential for a retest of the
key resistance at 1.1199, high Dec 13. With support defined at 1.1066, a break
would instead reinstate a bearish threat and open 1.1040.

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