(H18) 98.130 Gives Way On.......>

US EURODOLLAR TECHS: (H18) 98.130 Gives Way On Approach To 98.080 Support

*RES 4: 98.245 Dec 28-29 highs

*RES 3: 98.225 Jan 3 high

*RES 2: 98.205 Dec 20-27 lows, Jan 5 high

*RES 1: 98.160 Hourly resistance

*PRICE: 98.115 @1236GMT

*SUP 1: 98.110 Intraday low

*SUP 2: 98.080 Dec 2015 low

*SUP 3: 98.055 Nov 2015 low

*SUP 4: 97.995 38.2% Fibo of 95.980-99.240

*COMMENTARY* It began with the slip below 98.205 support on Jan 4 and has been

followed by a further break below 98.165. As a result, there is the chance for a

potentially deeper fall, as not much is currently evident ahead of the December

2015 low at 98.080. Meanwhile, 98.130 has given way as has Monday's 98.115 low,

which was the protection to 98.080. Nearest resistance falls to 98.160, back

above would provide some respite but that 98.205 level still a tougher ask.