Support erased, paving way for....>

EURO-DOLLAR TECHS: Support erased, paving way for multi-month lows

*RES 4: 1.1143 High Jan 17

*RES 3: 1.1118 High Jan 21

*RES 2: 1.1091/96 T-line resistance drawn off Dec 31 high / High Jan 3

*RES 1: 1.1048 High Feb 5

*PRICE: 1.0983 @ 16:32 GMT Feb 6

*SUP 1: 1.0965 Low Feb 6

*SUP 2: 1.0952 Low Oct 9

*SUP 3: 1.0941/26 Low Oct 98 / 1.0% Lower 10-dma Envelope

*SUP 4: 1.0879 Low Oct 1

EURUSD hit fresh lows for the year down at 1.0965 as support layered just below

the $1.10 handle came under significant pressure. Key support at the Nov 29 low

gave way, which adds to the negative short-term signals against the pair.

Thursday's break confirms a resumption of the downtrend that started on Dec 31

and initially opens 1.0941, the Oct 8 low. Price needs to trade above the

Wednesday high og 1.1048 high to signal a potential near-term base. Still heavy.