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(M18) Decline Continues Into....>

US EURODOLLAR TECHS: (M18) Decline Continues Into Next 97.640-97.625 Supports
*RES 4: 97.825 6 month falling resistance line
*RES 3: 97.820 Mar 2 high
*RES 2: 97.775 Mar 6 high
*RES 1: 97.710 Mar 14, Mar 15 highs
*PRICE: 97.665 @1124GMT
*SUP 1: 97.630/640 Mar 21, Jul 13 2015 lows
*SUP 2: 97.625 1.618 swing of 97.700-97.820
*SUP 3: 97.585 Jun 29 2015 low
*SUP 4: 97.555 Jun 22 2015 low
*COMMENTARY* Has continued it's fall this week, following the loss of 97.700
last week. Have now seen a test to the next band of support between the July
2015 low at 97.640 and the swing target of the recent 97.700-97.820 recovery, at
the slightly lower 97.625 level. Resistance continues to slide, the nearest now
from 97.710, this the current bar to a 97.775 recovery.

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