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Free Access(H18) 98.145 Resistance Key.....>
US EURODOLLAR TECHS: (H18) 98.145 Resistance Key
*RES 4: 98.184 Daily Bear channel top
*RES 3: 98.160 Highs Jan 22-24
*RES 2: 98.145 High Feb 6
*RES 1: 98.140 21-DMA
*PRICE: 98.115 @ 0930GMT
*SUP 1: 98.105 Low Feb 6
*SUP 2: 98.100 2018 Low Feb 2 & 5
*SUP 3: 98.094 Bollinger band base
*SUP 4: 98.090 Daily bear channel base
*COMMENTARY: The aggressive bounce from 2018 lows remained capped at the 21-DMA
which provides bears comfort and maintains immediate focus on tests of the bear
channel base. O/S daily studies looking to correct remain a concern for bears.
Bulls now need a close above 98.145 to confirm an easing of bearish pressure and
above 98.160 to shift focus to 98.184-199 where the bear channel top and 55-DMA
are noted.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.