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(H18) 98.200 Support Holds......>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (H18) 98.200 Support Holds Under Close Investigation
*RES 4: 98.345 Oct 6 low, now resistance
*RES 3: 98.325 Nov 15 high
*RES 2: 98.290 Nov 14 low, Nov 22, 24, 28 & 29 highs
*RES 1: 98.250 Dec 14 high
*PRICE: 98.220 @1109GMT
*SUP 1: 98.200/205 Jan 26 high, Mar 15 low & Dec 21-26 lows
*SUP 2: 98.185 61.8% Fibo of 97.535-98.240
*SUP 3: 98.165 Mar 30 2015 high, now support
*SUP 4: 98.080 Dec 2015 low
*COMMENTARY* The 98.200-98.205 area came under severe examination at the end of
last month but has so far rebuffed all challenges. The subsequent recovery is so
far embryonic in nature, requiring a move back above 98.250 before the impetus
will be seen for an assault back on 98.290. Will require a break back above here
however, before starting to consider higher corrective potential of the fall
seen from the Sep 8 high at 98.585. Loss of 98.200 will disappoint now.

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