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

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.