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(M18) Pullback Pressuring.......>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (M18) Pullback Pressuring 97.725 Support
*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: 97.780/795 Hourly resistance
*PRICE: 97.725 @1055GMT
*SUP 1: 97.725 Mar 1 low
*SUP 2: 97.700 Feb 28 low
*SUP 3: 97.640 Jul 13 2015 low
*SUP 4: 97.625 1.618 swing of 97.700-97.820
*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, the Mar 1 low at 97.725 now under pressure and the protection to
97.700 again and potentially lower. Nearest resistance falls to 97.780-97.795.

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