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(H18) 98.300-98.310 Break.......>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (H18) 98.300-98.310 Break Needed To Provide Respite
*RES 4: 98.365 Oct 30 high
*RES 3: 98.345 Oct 6 low, now resistance
*RES 2: 98.325 Nov 15 high
*RES 1: 98.300/310 Hourly resistance
*PRICE: 98.260 @1305GMT
*SUP 1: 98.255/260 Intraday, Mar 16, Nov 21 lows
*SUP 2: 98.240 Hourly support
*SUP 3: 98.200 Jan 26 high, Mar 15 low
*SUP 4: 98.185 61.8% Fibo of 97.535-98.240
*COMMENTARY* Some movement last month, support from 98.290 the 76.4% Fibo
retrace level gave way. A low of 98.255 seen so far, just below the previous Mar
16 base at 98.260. Some overshoot to 98.240 can be allowed but any lower and the
dual support from 98.200 comes back into view. To provide any relief, then an
initial move back above 98.300-98.310 can be rewarded with a better
98.325-98.365 recovery.

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