Pullback Now Has..................>

EURO-DOLLAR TECHS: Pullback Now Has $1.2155-$1.2143 As Potential Support

*RES 4: $1.2329/36 Apr 19, Apr 17 lows, now resistance

*RES 3: $1.2299/00 Apr 12 low, Apr 20 recovery high

*RES 2: $1.2270/75 Hourly congestion area Apr 20-23

*RES 1: $1.2245 Apr 24 high, base broken bull channel

*PRICE: $1.2175 @1550GMT 

*SUP 1: $1.2153/55 Equality fall from $1.2415, Mar 1 low

*SUP 2: $1.2143 1.618 swing of $1.2182-$1.2245

*SUP 3: $1.2091/93 1.618 swing $1.2215-$1.2415, Sep 8 high

*SUP 4: $1.2059 2% volatility band

*COMMENTARY* The overnight recovery has retested the base of the previously

broken 8 week bull channel at $1.2245. The subsequent pullback is once again

challenging the lower 1% volatility band. Below and look to the Mar 1 low at

$1.2155 next, with added possibility of seeing $1.2153-$1.2143, if the equality

fall and recent swing of $1.2182-$1.2245 play out in full. Lower and

$1.2093-$1.2091 comes into view. Still need above $1.2230-$1.2245 for respite.