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Decline Continues,................>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Decline Continues, $1.2236-$1.2206 Next Downside Markers
*RES 4: $1.2435 Feb 19 high
*RES 3: $1.2413/16 Hourly recovery highs Feb 19
*RES 2: $1.2360/69 Feb 21 high, Feb 19 low
*RES 1: $1.2325/35 Hourly resistance
*PRICE: $1.2286 @0930GMT 
*SUP 1: $1.2260 Intraday low
*SUP 2: $1.2236 1% volatility band
*SUP 3: $1.2206 Feb 9 low
*SUP 4: $1.2173 38.2% Fibo of $1.1554-$1.2556
*COMMENTARY* Has broken below $1.2289-$1.2276 support, a low of $1.2260 so far,
as we head towards the next downside markers, the lower 1% volatility band at
$1.2236 and the Feb 9 low at $1.2206. As a result, resistance now comes from
$1.2325-$1.2335 but likely needs to see a move back above the higher
$1.2360-$1.2369 region, before any real upside confidence will appear. Below
$1.2206 and attention will switch to the 38.2% Fibo retrace level at $1.2173.

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