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

EURO-DOLLAR TECHS: Remains Vulnerable

*RES 4: 1.1014 High Feb 6

*RES 3: 1.0958 High Feb 10

*RES 2: 1.0926 High Feb 12 and key near-term resistance

*RES 1: 1.0889 High Feb 13

*PRICE: 1.0842 @ 16:27 GMT Feb 14

*SUP 1: 1.0827 Intraday low

*SUP 2: 1.0803 1.618 projection of Jan 16 - Jan 29 decline from Feb 3 high

*SUP 3: 1.0777 1.764 projection of Jan 16 - Jan 29 decline from Feb 3 high

*SUP 4: 1.0747 2.0% lower 10-dma envelope

EURUSD remains in a clear downtrend as a strong impulsive sell-off continues to

dominate. Price once again traded lower into the close of the week. The former

key support at 1.0879, Oct 1 low has this week been cleared, reinforcing bearish

conditions that opens 1.0803 next, a Fibonacci projection. It is worth noting

that although the downtrend remains intact, the trend is steep and the risk of a

sharp reversal increases each day. Initial resistance is at 1.0889.