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Remains On The Defensive *RES.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Remains On The Defensive
*RES 4: 1.1250 High Aug 6
*RES 3: 1.1239 High Dec 31 and bull trigger
*RES 2: 1.1206 High Jan 6
*RES 1: 1.1168 High Jan 8
*PRICE: 1.1114 @ 16:00 GMT Jan 10
*SUP 1: 1.1085 Intraday low
*SUP 2: 1.1066/65 Low Dec 20 / 100-dma
*SUP 3: 1.1040 Low Dec 6
*SUP 4: 1.1003 Low Dec 2
EURUSD maintains a softer tone following Wednesday's move below support at
1.1125, Jan 3 low that negated recent bullish signals provided by last Friday's
candle pattern. The break lower risks a deeper pullback towards 1.1066 should
losses be sustained. 1.1066 is the Dec 20 low and a fall through here would
strengthen a bearish case. For bulls to regain control, resistance at 1.1168,
needs to be cleared before tackling 1.1206, Jan 6 high.

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