Rally Now Enters Next.............>

EURO-DOLLAR TECHS: Rally Now Enters Next $1.2377-$1.2428 Target Zone

*RES 4: $1.2477 Mar 27 high

*RES 3: $1.2422/28 Mar 28 high, 1% volatility band

*RES 2: $1.2415 76.4% of $1.2477-$1.2215

*RES 1: $1.2377/87 61.8% of $1.2477-$1.2215, intraday high

*PRICE: $1.2363 @0835GMT 

*SUP 1: $1.2320 Hourly support

*SUP 2: $1.2291 Apr 6 high, now support

*SUP 3: $1.2261 Apr 9 low

*SUP 4: $1.2215 Apr 6 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 challenge to Fibo resistance at $1.2377, slightly exceeded to $1.2387

before taking a step back. This could be the precursor to an assault on the

stronger $1.2415-$1.2428 area. Support moves up, $1.2320-$1.2291 now above

Mondays $1.2261 low. The latter required to hold to preserve upside momentum.