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(H18) Flirting With 21-DMA......>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (H18) Flirting With 21-DMA
*RES 4: 98.291 55-DMA
*RES 3: 98.280 High Dec 1
*RES 2: 98.258 Daily Bear channel top
*RES 1: 98.255 High Dec 6, Bear channel top
*PRICE: 98.235 @ 1030GMT
*SUP 1: 98.215 Repeated Daily highs now support
*SUP 2: 98.205 2017 Lows Dec
*SUP 3: 98.200 Monthly Low Mar 15
*SUP 4: 98.184 Daily Bear channel base
*COMMENTARY: The correction higher Wednesday sees the contract flirting with the
21-DMA (98.234) with a close above needed to confirm an easing of bearish
pressure and to target the 55-DMA. Daily studies are well placed for further
gains. Bears now need a close below 98.215 to reconfirm focus on 98.184-205
where the bear channel base and 2017 lows are noted.

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