$1.2215 Support Keeps Focus Off...>

EURO-DOLLAR TECHS: $1.2215 Support Keeps Focus Off Lower 1% Volatility Band

*RES 4: $1.2345 Apr 2 high

*RES 3: $1.2315 Apr 4 high

*RES 2: $1.2291 Apr 5 high

*RES 1: $1.2275/80 Hourly resistance, intraday high

*PRICE: $1.2274 @1555GMT 

*SUP 1: $1.2190/15 1% volatility band, Apr 5 low

*SUP 2: $1.2155 Mar 1 low

*SUP 3: $1.2093/94 Sep 8 high, 1.618 swing $1.2240-$1.2477

*SUP 4: $1.2089 Jan 4 high, now support

*COMMENTARY* Failed to make inroads into $1.2315-20 resistance Wednesday. The

subsequent fall has now broken below the next area of interest between the Mar

20 low at $1.2240 and the 76.4% Fibo retrace level at $1.2231. Will need to

sustain a break below here and then the lower 1% volatility band, at $1.2190,

before the risk will once again revert to Mar 1 low at $1.2155. In the meantime,

resistance from $1.2275-$1.2291 but back above $1.2315 needed for respite.