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(M18) Closes Above 55-DMA.......>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (M18) Closes Above 55-DMA
*RES 4: 97.820 Monthly high Mar 2
*RES 3: 97.789 100-DMA
*RES 2: 97.740 Highs Mar 27 & 28
*RES 1: 97.705 High Apr 10
*PRICE: 97.690 @ 0930GMT
*SUP 1: 97.676 55-DMA
*SUP 2: 97.660 Alternating daily support/resistance
*SUP 3: 97.650 High May 10 now support
*SUP 4: 97.633 21-DMA
*COMMENTARY: The recovery from 2018 & 9+yr lows has resulted in a close above
the 55-DMA, the first since Sept 2017. This adds support to the case for a test
of the 97.740 level that is the current bullish focus. A close above this level
is then needed to target 97.820 Mar highs. Bears now need a close below the
55-DMA to gain breathing room and below the 21-DMA to shift focus back to 2018
lows.

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