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

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Rally Reaches Upper 2% Volatility Band, 'Doji' Candle Close
*RES 4: $1.2598 61.8% Fibo of $1.3994-$1.0340
*RES 3: $1.2571 Dec 15 2014 high
*RES 2: $1.2538 Jan 25 high
*RES 1: $1.2495/00 Hourly resistance
*PRICE: $1.2435 @1558GMT 
*SUP 1: $1.2395 Hourly support
*SUP 2: $1.2364 Jan 25 low
*SUP 3: $1.2323 Jan 17 high, now support
*SUP 4: $1.2296 Jan 19 high, now support
*COMMENTARY* Rally reached the upper 2% volatility band on Thursday, before
retreating on the back of some heavily overbought conditions. The lower close
has brought about a potentially bearish 'Doji' candle on the daily chart. While
$1.2500-$1.2538 caps then the immediate risk is for lower. Support
$1.2395-$1.2364, loss of the latter will caution and open up deeper corrective
potential. Above $1.2538 will ease pressure, $1.2571-$1.2598 resistance above.

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