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Trades Below 1.1125 *RES 4:.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Trades Below 1.1125
*RES 4: 1.1250 High Aug 6
*RES 3: 1.1239 High Dec 31 and bull trigger
*RES 2: 1.1206 High Jan 6
*RES 1: 1.1168 High Jan 8
*PRICE: 1.1116 @ 05:18 GMT Jan 9
*SUP 1: 1.1102 Low Jan 8
*SUP 2: 1.1096 Low Dec 27
*SUP 3: 1.1066/65 Low Dec 20 / 100-dma
*SUP 4: 1.1040 Low Dec 6
EURUSD traded below Friday's low of 1.1125 yesterday to negate recent bullish
signals provided by the Friday's candle pattern. The break lower risks a deeper
pullback towards 1.1096 initially and even 1.1066 should losses be sustained.
The latter is the Dec 20 low and a fall through here would strengthen a bearish
case. For bulls to regain control, resistance at 1.1168, needs to be cleared
before tackling key intraday resistance at 1.1206, the Jan 6 high.

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