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Rally Heads Toward Next...........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Rally Heads Toward Next $1.2415-$1.2429 Target Zone
*RES 4: $1.2552/56 2% volatility band, Feb 16 high
*RES 3: $1.2477 Mar 27 high
*RES 2: $1.2422/29 Mar 28 high, 1% volatility band
*RES 1: $1.2415 76.4% of $1.2477-$1.2215
*PRICE: $1.2383 @1525GMT 
*SUP 1: $1.2340/50 Hourly support
*SUP 2: $1.2324 Hourly base Apr 10
*SUP 3: $1.2287/91 Apr 6 high, initial high Apr 9
*SUP 4: $1.2261 Apr 9 low
*COMMENTARY* Monday saw a move through $1.2291-$1.2315, followed yesterday by a
break of the next area of resistance between $1.2337-$1.2346. Today, we have
seen a rally through Fibo resistance at $1.2377, a high of $1.2397 so far. This
could be the precursor to an assault on the stronger $1.2415-$1.2429 area.
Support moves up, $1.2350-$1.2324 initially, loss would caution and suggest
scope for some deeper correction of gains from last Friday's $1.2215 base.

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