Retracing *RES 4: 1.1228 High.....>

EURO-DOLLAR TECHS: Retracing

*RES 4: 1.1228 High Aug 13

*RES 3: 1.1199/1208 High Dec 13 / 61.8% of the Jun 25 - Oct 1 decline

*RES 2: 1.1175 High Dec 17

*RES 1: 1.1125 High Dec 20

*PRICE: 1.1093 @ 15:37 GMT Dec 23

*SUP 1: 1.1066/65 100-dma / Low Dec 20

*SUP 2: 1.1040 Low Dec 6 and key support

*SUP 3: 1.1003 Lower 1.0% 10-dma envelope

*SUP 4: 1.0981 Low Nov 29 and key support

EURUSD ended the week on a sour note, edging back below the 50-dma and begins

this week on a vulnerable note. Last weeks pullback also calls into question

December's moderately bullish outlook and for now the move lower has opened

further losses down to the 100-dma and early December lows. A move through

1.1040, Dec 6 low would reinforce further a bearish threat. On the upside, gains

above 1.1199 are still required to highlight a shift to bullish.