$1.2447-$1.2479 The Bar To A......>

EURO-DOLLAR TECHS: $1.2447-$1.2479 The Bar To A Return To The Year's High

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

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

*RES 2: $1.2461 76.4% Fibo of $1.2556-$1.2155

*RES 1: $1.2447 Underside broken bull channel base, 1% vol

*PRICE: $1.2426 @0955GMT 

*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* Has continued it's recovery, the latest move above the swing target

at $1.2424 now bringing the upper 1% volatility band and the base of the

previously broken bull channel base at $1.2447, into focus next. Through here

and still have to contend with the $1.2461-$1.2479 area however, before the way

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

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