Further Fall Sees.................>

EURO-DOLLAR TECHS: Further Fall Sees $1.2240-$1.2215 As Next Potential Target

*RES 4: $1.2422 Mar 28 high

*RES 3: $1.2385 Hourly congestion Mar 27-Mar 28 

*RES 2: $1.2345 Apr 2 high

*RES 1: $1.2310/20 Hourly resistance

*PRICE: $1.2272 @1533GMT 

*SUP 1: $1.2254 Intraday low

*SUP 2: $1.2231/40 76.4% Of $1.2155-$1.2477, Mar 20 low

*SUP 3: $1.2215 1% volatility band

*SUP 4: $1.2155 Mar 1 low

*COMMENTARY* Continued to suffer following the failure to deal with the upper 1%

volatility band last week.  A low of $1.2282 yesterday, just below the 76.4%

Fibo retrace level at $1.2296. This has now given way, leaving $1.2241-$1.2231

as the next key area of support, ahead of the lower band, at $1.2215 today.

Again some near term oversold conditions are appearing but will need to see a

move back above, $1.2310-$1.2320 before they are likely to amount to anything.