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$1.2240-$1.2231 Becomes Next......>

EURO-DOLLAR TECHS: $1.2240-$1.2231 Becomes Next Key Support Area
*RES 4: $1.2422 Mar 28 high
*RES 3: $1.2385 Hourly congestion Mar 27-Mar 28 
*RES 2: $1.2336/45 Apr 3, Apr 2 highs
*RES 1: $1.2315/20 Intraday high, hourly resistance
*PRICE: $1.2300 @1503GMT 
*SUP 1: $1.2231/40 76.4% Of $1.2155-$1.2477, Mar 20 low
*SUP 2: $1.2208 1% volatility band
*SUP 3: $1.2155 Mar 1 low
*SUP 4: $1.2089/94 Jan 4 high, 1.618 swing $1.2240-$1.2477
*COMMENTARY* Continued downside pressure resulted in a low of $1.2254 on
Tuesday, as we make our way towards 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 $1.2208 today,
before the risk will once again revert to Mar 1 low at $1.2155. In the meantime,
resistance $1.2315-$1.2320 but back above $1.2336-$1.2345 is needed for respite.

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