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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 Apr 2 high
*RES 1: 97.685/695 Hourly resistance, 6 mth falling res line
*PRICE: 97.630 @1122GMT
*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* Continued to fall last 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 97.685-97.695, the
latter the 6 month falling resistance line. Above needed before any respite
likely.
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