Holding Above 1.1125 Key..........>

EURO-DOLLAR TECHS: Holding Above 1.1125 Key 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: 1.1206 High Jan 6

*PRICE: 1.1131 @ 10:26 GMT Jan 8

*SUP 1: 1.1125 Low Jan 3, trendline support area and key near-term support

*SUP 2: 1.1096 Low Dec 27

*SUP 3: 1.1066/65 Low Dec 20 / 100-dma

*SUP 4: 1.1040 Low Dec 6

EURUSD despite the pullback, Friday's 1.1125 low remains intact. In candle

terms, Friday's price pattern is a hammer signalling a reversal. Note, there is

a trendline support that intersects at 1.1126 and this reinforces the importance

of 1.1125. The trendline is drawn off the Nov 29 low. A break of 1.1125 would

open 1.1096 initially and even 1.1066. The latter is the Dec 20 low. Initial

resistance is at 1.1168, the key intraday level however is 1.1206, Jan 6 high.