$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.