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

EURO-DOLLAR TECHS: Remains Vulnerable

*RES 4: 1.1393 61.8% retracement of the Mar 9 - Mar 12 sell-off

*RES 3: 1.1333 High Mar 12

*RES 2: 1.1279 50.0% retracement of the Mar 9 - Mar 12 sell-off

*RES 1: 1.1221 High Mar 13

*PRICE: 1.1079 @ 18:27 GMT Mar 13

*SUP 1: 1.1055 Low Mar 13

*SUP 2: 1.1052 61.8% retracement of the Feb 20 - Mar 9 rally

*SUP 3: 1.1003 Low Mar 2

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

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

support highlighted by the 50-day EMA at 1.1064 and the 61.8% retracement of the

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

with the pair trading lower again, the support appears vulnerable. A break of

1.1052 would set the scene for a deeper sell-off opening 1.1003, the Mar 2 low.

Resistance for now is at the intraday high of 1.1221.