Near-Term Support Remains.........>

EURO-DOLLAR TECHS: Near-Term Support Remains Exposed

*RES 4: 1.1390 76.4% retracement of the Mar 9 - Mar 12 sell-off

*RES 3: 1.1333 High Mar 12

*RES 2: 1.1272 50.0% retracement of the Mar 9 - Mar 13 sell-off

*RES 1: 1.1221 High Mar 16

*PRICE: 1.1125 @ 05:49 GMT Mar 16

*SUP 1: 1.1048 Intraday low

*SUP 2: 1.1003 Low Mar 2

*SUP 3: 1.0951 Low Feb 28

*SUP 4: 1.0947 76.4% retracement of the Feb 20 - Mar 9 rally

EURUSD suffered sharp losses last week. The pair has retraced to a key area of

support highlighted by the 50-day EMA at 1.1066 and the 61.8% retracement of the

rally between Feb 20 and Mar 9 at 1.1052. So far, these levels have held but

with the pair still appearing vulnerable, the support remains exposed. A break

of 1.1048 would set the scene for a deeper sell-off opening 1.1003, Mar 2 low.

Resistance for now is at 1.1221, Friday's high.