Next Key Support Area Is..........>

EURO-DOLLAR TECHS: Next Key Support Area Is Between $1.2165-$1.2162

*RES 4: $1.2360/65 Congestion area Feb 5-Feb 7

*RES 3: $1.2335 Jan 30 low, now resistance

*RES 2: $1.2314 Feb 6 low, now resistance

*RES 1: $1.2295 Intraday high

*PRICE: $1.2232 @1000GMT 

*SUP 1: $1.2219 1.618 swing of $1.2335-$1.2523

*SUP 2: $1.2194 3 month bull channel base projection

*SUP 3: $1.2162/65 38.2% Fibo of $1.1554-$1.538, Jan 17 low

*SUP 4: $1.2137 2% volatility band

*COMMENTARY* Continues to fall since seeing the rally back to $1.2406 early on

Wednesday. Now has sights on the swing target at $1.2219 and the 3 month bull

channel base projection at $1.2194. These currently seen as the protection to

the next important area of support between $1.2165-$1.2162. A low from mid

January and the 38.2% Fibo retrace of the $1.1554-$1.2538 rise. Meanwhile, the

day's $1.2295 high is the bar to any higher recovery potential.