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$1.2240-$1.2231 Remains Next......>

EURO-DOLLAR TECHS: $1.2240-$1.2231 Remains 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 Apr 3 high
*RES 1: $1.2300/15 Hourly resistance, Apr 4 high
*PRICE: $1.2263 @0921GMT 
*SUP 1: $1.2231/40 76.4% Of $1.2155-$1.2477, Mar 20 low
*SUP 2: $1.2210 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* Failed to make any inroads into $1.2315-$1.2320 resistance
yesterday. The subsequent fall heads 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 $1.2210,
before the risk will once again revert to Mar 1 low at $1.2155. In the meantime,
resistance from $1.2300-$1.2315 but back above $1.2336 is needed for respite.

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