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(M18) 55-DMA Remains Key........>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (M18) 55-DMA Remains Key Resistance
*RES 4: 97.820 Monthly high Mar 2
*RES 3: 97.740 Highs Mar 27 & 28, 55-DMA
*RES 2: 97.711 Daily Bear channel top off Sept highs
*RES 1: 97.660 Lows Apr 6 & 9 now resistance
*PRICE: 97.640 @ 0930GMT
*SUP 1: 97.619 Bollinger band base
*SUP 2: 97.615 2018 Low Apr 17
*SUP 3: 97.580 Monthly Low Nov 2008
*SUP 4: 97.491 Daily Bear channel base
*COMMENTARY: Bears remain firmly focused on the 97.480-580 support region where
the Nov 2008 low and bear channel base are situated following repeated 2018 & 9+
year lows. The Bollinger base is the key concern and currently limits follow
through. Layers of resistance are noted 97.660-740 with bulls needing a close
above the 55-DMA to target a correction back to 97.820-874 where the 100-DMA is
found.

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