Remains Vulnerable *RES 4:........>

EURO-DOLLAR TECHS: Remains Vulnerable

*RES 4: 1.1118 High Jan 21 and Trendline drawn off the Dec 31 high

*RES 3: 1.1109 High Jan 23

*RES 2: 1.1081 Former trendline support drawn off the Oct 1 low

*RES 1: 1.1038 High Jan 27

*PRICE: 1.1014 @ 10:20 GMT Jan 30

*SUP 1: 1.0992 Low Jan 29

*SUP 2: 1.0981 Low Nov 29 and key support

*SUP 3: 1.0952 Low Oct 9 / 1.0% Lower 10-dma Envelope

*SUP 4: 1.0941 Low Oct 8

EURUSD traded lower again yesterday maintaining its current bearish tone. A

bearish theme follows last week's break of key trendline support at 1.1074,

drawn off the Oct 1 low. This continues to weigh on the pair and reinforces

January's slide. Attention is on the early Dec lows of 1.1003 and the late Nov

low of 1.0981. Momentum studies maintain a bearish posture and continue to point

south. Firm resistance is at 1.1085, the former trendline.