$1.2377-$1.2422 Attainable Next...>

EURO-DOLLAR TECHS: $1.2377-$1.2422 Attainable Next After Break Above $1.2346

*RES 4: $1.2477 Mar 27 high

*RES 3: $1.2422 1% volatility band, Mar 28 high

*RES 2: $1.2415 76.4% of $1.2477-$1.2215

*RES 1: $1.2372/77 Mar 27 low, 61.8% of $1.2477-$1.2215

*PRICE: $1.2343 @1250GMT 

*SUP 1: $1.2320 Hourly support

*SUP 2: $1.2291 Apr 6 high, now support

*SUP 3: $1.2261 Apr 9 low

*SUP 4: $1.2215 Apr 6 low

*COMMENTARY* Monday saw a move back through $1.2291-$1.2315, followed today by a

break through the next area of resistance between $1.2337-$1.2346. As a

consequence, have subsequently seen a challenge to the $1.2372-$1.2377 region.

This could be the stepping stone to an assault on the stronger $1.2415-$1.2422

resistance levels. Support continues to step up, $1.2320-$1.2291 now above

Mondays $1.2261 low. The latter required to hold to preserve upside momentum.