Unable To Break Above The 1%......>

EURO-DOLLAR TECHS: Unable To Break Above The 1% Volatility band

*RES 4: $1.2556 Feb 16 high

*RES 3: $1.2520 1.618 swing of $1.2413-$1.2240

*RES 2: $1.2475/77 1% volatility band, intraday high

*RES 1: $1.2440/50 Hourly resistance

*PRICE: $1.2408 @1607GMT 

*SUP 1: $1.2372 Intraday low

*SUP 2: $1.2352 Mar 26 low

*SUP 3: $1.2317 Mar 23 low

*SUP 4: $1.2286 Mar 22 low

*COMMENTARY* Having made it's way through $1.2397-$1.2446 resistance, was

needing to clear the upper 1% volatility band, at $1.2475 by time today, to make

a move on next resistance from the swing target at $1.2520. This the remaining

barrier to the year's previous $1.2556 high, which at the time failed to make a

challenge to the longer term Fibo level at $1.2598. In the interim, support from

$1.2410-$1.2389 has been lost and opens the downside to some correction.