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(H18) Heading Towards 38.2%.....>

US EURODOLLAR TECHS: (H18) Heading Towards 38.2% Fibo Retrace Level At 97.995
*RES 4: 98.145 Feb 6 high
*RES 3: 98.130 Jan 17 low, now resistance
*RES 2: 98.100 Feb 4, Feb 5 lows, now resistance
*RES 1: 98.065 Hourly resistance
*PRICE: 98.030 @1100GMT
*SUP 1: 97.995 38.2% Fibo of 95.980-99.240
*SUP 2: 97.960 1.618 swing of 98.200-98.585
*SUP 3: 97.935 76.4% Fibo of 97.530-99.240
*SUP 4: 97.910 Aug 10 2015 low
*COMMENTARY* The decline has extended over the last week, following the short
lived recovery to 98.145 last Tuesday. The subsequent slip below firstly 98.080
and then 98.050 support, now sees us on our way to 97.995, a 38.2% Fibo retrace
level of the 95.980-99.240 rise, seen over the last 5 years. This ahead of the
swing target at 97.960. In the meantime, 98.065-98.100 provides the near term
bar to any recovery hopes. 

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