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(M18) Rally Challenging 6.......>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (M18) Rally Challenging 6 Month Downtrend
*RES 4: 97.740 Mar 27-28 highs 
*RES 3: 97.715 Apr 2 high
*RES 2: 97.690 Mar 29 low, now resistance
*RES 1: 97.660/670 Apr 6, Apr 9 lows, hourly resistance
*PRICE: 97.650 @1029GMT
*SUP 1: 97.610/615 Hourly support
*SUP 2: 97.595 May 8 low
*SUP 3: 97.585 Jun 29 2015 low
*SUP 4: 97.560 1.618 swing of 97.630-97.740
*COMMENTARY* Today challenging and threatening a break above the 6 month falling
resistance line at 97.645. Back above here would encourage, at least for some
better correction of losses from the late March highs at 97.740. This would see
97.660-99.670 as the next barrier to cross, 97.690-97.715 above. In the
meantime, nearest support rises to 97.615-97.610 ahead of the recent 97.595 low.

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