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$1.2360-$1.2369 Still In The......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.2360-$1.2369 Still In The Way Of Continued Recovery
*RES 4: $1.2486/90 76.4% of $1.2556-$1.2260, 1% vol 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, 1% vol band, Feb 19 low
*PRICE: $1.2332 @0835GMT 
*SUP 1: $1.2278 Feb 26 low
*SUP 2: $1.2260 Feb 22 low
*SUP 3: $1.2243 1% volatility band
*SUP 4: $1.2206 Feb 9 low
*COMMENTARY* Broke below $1.2289-$1.2276 last Thursday, a low of $1.2260, ahead
of the next downside markers, the lower 1% volatility band at $1.2243 and the
Feb 9 low at $1.2206. Some near term oversold conditions can see a rise but
likely needs to sustain a move back above $1.2360-$1.2369, before any real
upside confidence will appear, for some correction of losses from $1.2556. Below
$1.2206 and attention will switch to the 38.2% Fibo retrace level at $1.2173.

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