Fallout After Unable To Break.....>

EURO-DOLLAR TECHS: Fallout After Unable To Break Above The 1% Volatility band

*RES 4: $1.2470/77 1% volatility band, Mar 27 high

*RES 3: $1.2442/43 Hourly lows Mar 26-27, now resistance

*RES 2: $1.2422 Intraday high

*RES 1: $1.2385/95 Hourly resistance

*PRICE: $1.2349 @1342GMT 

*SUP 1: $1.2331/41 76.4% Fibo, 1.618 swing $1./2372-$1.2422

*SUP 2: $1.2317 Equality fall from $1.2422, Mar 23 low

*SUP 3: $1.2286 Mar 22 low

*SUP 4: $1.2240 Mar 20 low

*COMMENTARY* Having made it's way through $1.2397-$1.2446 resistance, needed to

clear the upper 1% volatility band, at $1.2475 yesterday, to make a move on next

resistance from the swing target at $1.2520. This the remaining barrier to the

year's previous $1.2556 high. Failure opens the door to some correction and with

the loss of $1.2389, the $1.2341-$1.2317 region becomes favoured. In the

interim, resistance from  $1.2385-$1.2395 and then the day's $1.2422 high.