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Recovers After Enduring 76.4%.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Recovers After Enduring 76.4% Retrace Setback
*RES 4: $1.2523 Feb 1 high
*RES 3: $1.2478 1% volatility band
*RES 2: $1.2460/64 76.4% Fibo, 1.618 swing $1.2392-$1.2276
*RES 1: $1.2411/16 61.8% of $1.2538-$1.2206, intraday high
*PRICE: $1.2393 @1655GMT 
*SUP 1: $1.2350/60 Hourly support
*SUP 2: $1.2302 Intraday hourly base
*SUP 3: $1.2272/76 76.4% of $1.2235-$1.2392, intraday low
*SUP 4: $1.2248 3 month bull channel base projection
*COMMENTARY* Has found support over the last few days from above the 3 month
bull channel base projection, at $1.2248 by time today. This the protection
against a renewed downside push. Meanwhile, the subsequent bounce broke above
$1.2370-75 today but after initially failing below $1.2406-$1.2411 had to endure
a deep $1.2276 setback. Renewed upside appetite seen since, $1.2411-$1.2416 now
the brake to a further $1.2460-$1.2464 challenge.

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