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(M18) 55-DMA Support Key *RES...>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (M18) 55-DMA Support Key
*RES 4: 97.870 High Feb 13
*RES 3: 97.820 Monthly high Mar 2
*RES 2: 97.786 100-DMA
*RES 1: 97.740 Highs Mar 27 & 28
*PRICE: 97.708 @ 0930GMT
*SUP 1: 97.690 High May 14 now support
*SUP 2: 97.676 55-DMA
*SUP 3: 97.660 Alternating daily support/resistance
*SUP 4: 97.650 High May 10 now support
*COMMENTARY: The recovery from 2018 & 9+yr lows has resulted in a close above
the 55-DMA, the first since Sept 2017. Gains continued Monday with bulls now
focused on 97.786-820 where the 100-DMA and Mar highs are located. The Bollinger
top (97.695) is the key concern for bulls. Bears still need a close below the
55-DMA to gain breathing room and below the 21-DMA (97.638) to shift focus back
to 2018 lows.

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