$1.2258 Back Under Pressure,......>

EURO-DOLLAR TECHS: $1.2258 Back Under Pressure, $1.2209-$1.2186 Below

*RES 4: $1.2413 Mar 14 high

*RES 3: $1.2375/85 Mar 14 congestion, Mar 15 high

*RES 2: $1.2359 Mar 19 high

*RES 1: $1.2330/35 Hourly resistance

*PRICE: $1.2266 @1635GMT 

*SUP 1: $1.2258 Mar 19 low

*SUP 2: $1.2224 76.4% Fibo of $1.2155-$1.2446

*SUP 3: $1.2209 1% volatility band

*SUP 4: $1.2186 1.618 swing of $1.2273-$1.2413

*COMMENTARY* The failure to cope with $1.2410-$1.2413 resistance last week, the

catalyst behind the recent fall, which slightly surpassed the 61.8% Fibo retrace

level at $1.2266. A low of $1.2258 before becoming oversold, the subsequent move

back above $1.2315-$1.2336 failing to trouble the congested $1.2375-85 area,

before heading lower again. Beneath $1.2258 and look to $1.2209-$1.2186 for next

support, resistance $1.2330-$1.2335.