$1.2446-$1.2479 The Bar To A......>

EURO-DOLLAR TECHS: $1.2446-$1.2479 The Bar To A Return To The Year's High

*RES 4: $1.2556/63 Feb 16 high, 2% volatility band

*RES 3: $1.2479 Equality rise from $1.2269 to $1.2155-$1.2363

*RES 2: $1.2460/61 U'side bull channel, 76.4% $1.2556-$1.2155

*RES 1: $1.2446 Mar 7 high, 1% volatility band

*PRICE: $1.2389 @0937GMT 

*SUP 1: $1.2365 Mar 2 high, now support

*SUP 2: $1.2328 Mar 6 low

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

*SUP 4: $1.2269 Mar 5 low

*COMMENTARY* The latest rally to $1.2446 on Wednesday, was halted by the upper

1% volatility band and the base of the previously broken bull channel, at the

time. The latter has moved to join the 76.4% Fibo retrace at $1.2461 today.

Through here and still have to contend with the $1.2479 area however, before the

way becomes clear for a return to the year's $1.2556 high. Support comes from

above last Friday's $1.2365 high, loss would caution near term.