$1.2418-$1.2424 Next After........>

EURO-DOLLAR TECHS: $1.2418-$1.2424 Next After Break Above $1.2365

*RES 4: $1.2479 Equality rise from $1.2269 to $1.2155-$1.2363

*RES 3: $1.2461 76.4% Fibo of $1.2556-$1.2155

*RES 2: $1.2433 Underside broken bull channel base

*RES 1: $1.2418/24 1% vol band, swing of $1.2365-$1.2269

*PRICE: $1.2400 @1335GMT 

*SUP 1: $1.2360/65 Hourly support

*SUP 2: $1.2328 Intraday low

*SUP 3: $1.2300/05 Hourly basing area Mar 2-Mar 5

*SUP 4: $1.2269 Mar 5 low

*COMMENTARY* Bounced last week from a combination of the lower 1% volatility

band and a 38.2% Fibo retrace level. The subsequent recovery has now negotiated

the previously troublesome $1.2365 resistance. Through here should allow a move

up into the next area of note between $1.2418-$1.2424. The current level of the

upper 1% volatility band and the swing target of the most recent $1.2365-$1.2269

fall. In the interim, $1.2360-65 and then the day's $1.2328 low provide support.