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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: 97.782 100-DMA
*RES 1: 97.740 Highs Mar 27 & 28
*PRICE: 97.710 @ 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 sees the contract gaining
traction above the 55-DMA with bulls currently focused on 97.782-820 where the
100-DMA and Mar highs are located. The Bollinger top (97.707) is the key concern
for bulls. Bears still need a close below the 55-DMA to gain breathing room and
below the 21-DMA (97.641) to shift focus back to 2018 lows.

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