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(M18) Bulls Need Close Above....>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (M18) Bulls Need Close Above 97.820
*RES 4: 97.887 Daily Bear channel top off Sept highs
*RES 3: 97.870 High Feb 13
*RES 2: 97.820 Low Feb 9 now resistance
*RES 1: 97.810 21-DMA
*PRICE: 97.800 @ 1030GMT
*SUP 1: 97.775 High Feb 23 now support
*SUP 2: 97.735 High Feb 27 now support
*SUP 3: 97.700 2018 Low Feb 27
*SUP 4: 97.672 Daily Bear channel base
*COMMENTARY: O/S daily studies are impacting with an aggressive bounce Thursday
following recent 2018 & 8 year lows with bulls now needing a close above 97.820
to confirm a break of the 21-DMA and challenge 97.870-887 where the daily bear
channel top off Sept highs is situated. Initial support is noted at 97.775 with
bears needing a close below to ease pressure on the 21-DMA and retain focus on
97.672-700.

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