Rally Reaches Upper 2%............>

EURO-DOLLAR TECHS: Rally Reaches Upper 2% Volatility Band

*RES 4: $1.2685 10 year falling resistance line

*RES 3: $1.2598 61.8% Fibo of $1.3994-$1.0340

*RES 2: $1.2571 Dec 15 2014 high

*RES 1: $1.2530/38 2% volatility band, intraday high

*PRICE: $1.2487 @1652GMT 

*SUP 1: $1.2460 Hourly support

*SUP 2: $1.2420/25 Minor intraday hourly congestion 

*SUP 3: $1.2385 Intraday low

*SUP 4: $1.2267 Jan 22 high, now support

*COMMENTARY* Has continued to rise, moving through $1.2476 resistance. A high of

$1.2538 so far on the day, slightly above the upper 2% volatility band at

$1.2530. Has become overbought in the near term, so looking to $1.2460-$1.2420

for immediate support, although it will take a loss of $1.2389-$1.2385 however

to cause any corrective panic. Meanwhile, above $1.2538 and have to allow for

$1.2571-$1.2598 next, the latter a 61.8% Fibo retrace level.