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(M18) Last Month's 97.700 Low...>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (M18) Last Month's 97.700 Low Back Under Pressure
*RES 4: 97.860/870 Feb 2 low, 61.8% Fibo of 97.980-97.700
*RES 3: 97.840 50% Fibo of 97.980-97.700
*RES 2: 97.820 Mar 2 high
*RES 1: 97.775/790 Hourly resistance
*PRICE: 97.705 @1043GMT
*SUP 1: 97.690/700 Mar 13, Feb 28 lows
*SUP 2: 97.640 Jul 13 2015 low
*SUP 3: 97.625 1.618 swing of 97.700-97.820
*SUP 4: 97.585 Jun 29 2015 low
*COMMENTARY* The continuous decline finally came to a halt at 97.700 earlier
this month. The subsequent recovery began to correct losses, initially from the
Feb 6 high at 97.980. In this respect, following the Mar 2 bounce to 97.820, the
next Fibo retrace level higher is the 50% at 97.840. Has faltered in the
meantime, 97.725 now lost and removing the protection to 97.700 again and
potentially lower. Nearest resistance falls to 97.775-97.790.

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