Fresh Rise Stalls On Approach.....>

EURO-DOLLAR TECHS: Fresh Rise Stalls On Approach To $1.2415-$1.2422 Resistance

*RES 4: $1.2512 7 week bull channel top projection

*RES 3: $1.2477/81 Mar 27 high, equality rise from $1.2299

*RES 2: $1.2455/58 1% vol band, 1.618 swing $1.2397-$1.2299

*RES 1: $1.2415/22 76.4% of $1.2477-$1.2215, Mar 28 high

*PRICE: $1.2351 @1400GMT 

*SUP 1: $1.2340/46 Hourly support, Apr 13 high

*SUP 2: $1.2325 Hourly congestion Apr 12-16

*SUP 3: $1.2291/99 Apr 6 high, Apr 12 low

*SUP 4: $1.2291/99 Apr 6 high, Apr 12 low

*COMMENTARY* Fresh highs through $1.2397 today, have seen us come close to a

test to $1.2415-$1.2422 resistance. Faltering at the time of writing, putting on

hold a look at the higher $1.2455-$1.2458 region, where the upper 1% volatility

band and swing target of the recent $1.2397-$1.2299 fall currently reside.

Setbacks find support from between $1.2340-$1.2346 but only back below $1.2325

will concern and put pressure back on $1.2299-$1.2291.