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(M18) First Swing Target At.....>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (M18) First Swing Target At 97.625 Remains Under Pressure 
*RES 4: 97.775 Mar 6 high
*RES 3: 97.740 Mar 27-28 highs 
*RES 2: 97.715/720 Apr 2 high, 6 month falling res line
*RES 1: 97.685/690 Hourly resistance
*PRICE: 97.630 @1127GMT
*SUP 1: 97.615/625 Apr 16 low, 1.618 swing of 97.700-97.820
*SUP 2: 97.585 Jun 29 2015 low
*SUP 3: 97.560 1.618 swing of 97.630-97.740
*SUP 4: 97.515 50% Fibo of 95.835/99.200
*COMMENTARY* Has continued to fall, this week the first swing target at 97.625
has come under pressure. Sustained break lower and not much is currently evident
ahead of the Jun 2015 low at 97.585 and more importantly the second swing target
at 97.560. As a consequence, initial resistance has fallen to 97.685-97.690 but
no real respite is likely to be forthcoming, until such time as the 6 month
falling resistance line, currently at 97.720 is broken.

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