(H18) Continues To Slip Lower...>

US EURODOLLAR TECHS: (H18) Continues To Slip Lower

*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: 98.180 Hourly resistance

*PRICE: 98.150 @1212GMT

*SUP 1: 98.130 Jan 18, Jan 16 lows

*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 of this, 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 held the decline last week.

Nearest resistance falls to 98.180, back above would provide some respite but

that 98.205 level now provides a tougher ask.