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(H18) One Way Traffic *RES 4:...>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (H18) One Way Traffic
*RES 4: 98.008 21-DMA
*RES 3: 98.005 Low Feb 12 now resistance
*RES 2: 97.942 High Feb 21
*RES 1: 97.895 Low Feb 22 now resistance
*PRICE: 97.868 @ 1030GMT
*SUP 1: 97.820 Weekly Low Nov 2008
*SUP 2: 97.580 Monthly Low Nov 2008
*SUP 3: 97.480 Weekly High Oct 2008 now support
*SUP 4: 96.900 Weekly Low Oct 2008
*COMMENTARY: The persistent sell-off that has defined Feb so far continues to
result in fresh 2018 and 9+ year lows with immediate focus on the 97.480-580
region were Nov 2008 monthly lows are located. O/S daily studies remain the key
concern for bears. Layers of resistance continue to accumulate and weigh. Bulls
need a close above 97.942 to ease bearish pressure and above the 21-DMA to
target a correction back to 98.100.

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