$1.2360-$1.2369 In The Way Of.....>

EURO-DOLLAR TECHS: $1.2360-$1.2369 In The Way Of Continued Recovery

*RES 4: $1.2486 1% volatility band

*RES 3: $1.2435 Feb 19 high

*RES 2: $1.2413/16 Hourly recovery highs Feb 19

*RES 1: $1.2360/69 Feb 21 high, Feb 19 low

*PRICE: $1.2320 @1637GMT 

*SUP 1: $1.2280/85 Hourly support

*SUP 2: $1.2260 Intraday low

*SUP 3: $1.2236 1% volatility band

*SUP 4: $1.2206 Feb 9 low

*COMMENTARY* Broke below $1.2289-$1.2276 support, a low of $1.2260 so far, as we

head towards the next downside markers, the lower 1% volatility band at $1.2236

and the Feb 9 low at $1.2206. Some near term oversold conditions can see a rise

but likely needs to see a move back above the $1.2360-$1.2369 region, before any

real upside confidence will appear. Below $1.2206 and attention will switch to

the 38.2% Fibo retrace level at $1.2173.