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(H18) 21-DMA Resistance Key.....>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (H18) 21-DMA Resistance Key
*RES 4: 98.258 Daily Bear channel top
*RES 3: 98.255 High Dec 6
*RES 2: 98.235 21-DMA
*RES 1: 98.230 Highs Dec 21 & 22
*PRICE: 98.210 @ 1030GMT
*SUP 1: 98.200 Monthly Low Mar 15
*SUP 2: 98.190 Bollinger band base
*SUP 3: 98.186 Daily Bear channel base
*SUP 4: 98.147 Weekly Bollinger band base
*COMMENTARY: Immediate bearish focus remains on the 98.186-200 region where Mar
lows and the daily bear channel base are situated. Daily and weekly Bollinger
bases remain key concerns for bears with potential to limit follow through,
Layers of resistance remain with bulls needing a close above the 21-DMA to ease
bearish pressure and above the 55-DMA (98.292) to shift focus higher.

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