$1.2337-$1.2346 The Next..........>

EURO-DOLLAR TECHS: $1.2337-$1.2346 The Next Potential Upside Barrier

*RES 4: $1.2418/22 1% volatility band, Mar 28 high

*RES 3: $1.2415 76.4% of $1.2477-$1.2215

*RES 2: $1.2372/77 Mar 27 low, 61.8% of $1.2477-$1.2215

*RES 1: $1.2345/46 Apr 2 high, 50% of $1.2477-$1.2215

*PRICE: $1.2325 @0853GMT 

*SUP 1: $1.2275/85 Hourly support

*SUP 2: $1.2261 Apr 9 low

*SUP 3: $1.2235/40 Hourly congestion Apr 5-6

*SUP 4: $1.2215 Apr 6 low

*COMMENTARY* Monday saw a move back through $1.2291-$1.2315, as we head toward

the next area of resistance between $1.2337-$1.2346. The former the equality

rise from yesterday's $1.2261 low to the prior $1.2215-$1.2291 rally. As a

consequence, support takes a step up, $1.2285-$1.2275 now above that $1.2261

low. Needing to hold here now, in order to preserve upside momentum. Above

$1.2346 and the correction targets $1.2372-$1.2415 next.