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

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

*RES 4: $1.2520 1.618 swing of $1.2413-$1.2240

*RES 3: $1.2470/77 1% volatility band, Mar 27 high

*RES 2: $1.2455 Hourly resistance

*RES 1: $1.2422 Intraday high

*PRICE: $1.2386 @0736GMT 

*SUP 1: $1.2372 Intraday low

*SUP 2: $1.2341/52 1.618 swing $1./2372-$1.2422, Mar 26 low

*SUP 3: $1.2317 Equality fall from $1.2422, Mar 23 low

*SUP 4: $1.2286 Mar 22 low

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

clear the upper 1% volatility band, at $1.2475 by time yesterday, 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. Failure opens the door to some correction

and with the loss of $1.2389, the $1.2341-$1.2317 region becomes favoured. In

the interim, resistance from between the day's $1.2422 high and $1.2455.