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(H18) 76.4% Fibo Retrace At.....>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (H18) 76.4% Fibo Retrace At 97.935 The Next Primary Target
*RES 4: 98.100 Feb 4, Feb 5 lows, now resistance
*RES 3: 98.065 Feb 4, Feb 5 lows, now resistance
*RES 2: 98.040 Recovery highs Feb 8
*RES 1: 98.005/015 Hourly resistance
*PRICE: 97.940 @1145GMT
*SUP 1: 97.935 76.4% Fibo of 97.530-99.240
*SUP 2: 97.910 Aug 10 2015 low
*SUP 3: 97.845 Aug 3 2015 low
*SUP 4: 97.810 Jul 6 2015 low
*COMMENTARY* The decline has extended again, following the short lived recovery
to 98.145 at the beginning of the month. The subsequent slip has now been
followed by the loss of the 38.2% Fibo retrace level at 97.995 and most recently
last Friday, the swing target at 97.960. This leaves the 76.4% retrace level at
97.935 as the next primary target. In the meantime, 98.005-98.015 provides the
near term bar to any recovery hopes. 

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