Still Vulnerable *RES 4:..........>

EURO-DOLLAR TECHS: Still Vulnerable

*RES 4: 1.1118/23 High Jan 21 / 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: 1.1013 @ 05:35 GMT Jan 29

*SUP 1: 1.0998 Low Jan 28

*SUP 2: 1.0981 Low Nov 29 and key support

*SUP 3: 1.0966 1.0% Lower 10-dma Envelope

*SUP 4: 1.0952 Low Oct 9

EURUSD maintains a bearish tone and continues to trade at its recent lows. The

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

1.1074, drawn off the Oct 1 low and reinforces January's bearish activity. The

focus is on the early Dec lows of 1.1003 and the late Nov low of 1.0981.

Momentum studies maintain bearish posture and continue to point south. Firm

resistance is seen at 1.1083, the former trendline resistance.