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(H18) 97.910 Support Bows To....>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (H18) 97.910 Support Bows To Near Term Pressure
*RES 4: 98.065 Feb 8 low, now resistance
*RES 3: 98.040 Feb 13 high
*RES 2: 98.005 Feb 12 low, now resistance
*RES 1: 97.965 Feb 20 high
*PRICE: 97.915 @1253GMT
*SUP 1: 97.895 Feb 22 low
*SUP 2: 97.845 Aug 3 2015 low
*SUP 3: 97.780 Jul 20 2015 low
*SUP 4: 97.765 Jul 6 2015 low
*COMMENTARY* The decline continues to grow apace, the latest falls leaving the
76.4% Fibo retrace level at 97.935 and the Aug 10 low at 97.910, in its wake, as
we continue to give back the 95.980-99.240 gains seen over the last 5 years.
Having lost 97.955-97.935 there are currently only previous lows to consider
now, until we reach the 50% Fibo retrace level at 97.610. Resistance falls to
97.965 back above needed to provide some respite.

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