Recovers After Enduring 76.4%.....>

EURO-DOLLAR TECHS: Recovers After Enduring 76.4% Retrace Setback

*RES 4: $1.2606 2% volatility band

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

*RES 2: $1.2538 Jan 25 high

*RES 1: $1.2523 Feb 1 high

*PRICE: $1.2487 @0850GMT 

*SUP 1: $1.2440/50 Hourly support

*SUP 2: $1.2392 Initial rally high Feb 14

*SUP 3: $1.2371 Feb 13 high, now support

*SUP 4: $1.2330 Hourly base Feb 14

*COMMENTARY* Has continued to thrive, after finding support from the 3 month

bull channel base, at $1.2261 today. Meanwhile, the subsequent bounce has now

wiped the slate clean of resistance ahead of the year's $1.2523-$1.2538 highs.

Any higher and look initially to $1.2598-$1.2606, although the 10 year falling

resistance line at $1.2679 and swing target of the $1.2538-$1.2206 fall at

$1.2743, become future potential. Support $1.2440-$1.2392.