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Free Access(M18) Recovery Now Has..........>
US EURODOLLAR TECHS: (M18) Recovery Now Has 97.745-97.775 Resistance
*RES 4: 97.820 Mar 2 high
*RES 3: 97.800 6 month falling resistance line
*RES 2: 97.775 Mar 6 high
*RES 1: 97.745 Hourly resistance
*PRICE: 97.705 @1030GMT
*SUP 1: 97.655/670 Mar 22 low, hourly support
*SUP 2: 97.630/640 Mar 21, Jul 13 2015 lows
*SUP 3: 97.625 1.618 swing of 97.700-97.820
*SUP 4: 97.585 Jun 29 2015 low
*COMMENTARY* Continued to fall last week, following the loss of 97.700 earlier
in the month. Have now seen a test to the next band of support between the July
2015 low at 97.640 and the swing target of the recent 97.700-97.820 recovery, at
the slightly lower 97.625 level. The subsequent rally has moved back above
97.710, this was the bar to a further 97.745-97.775 rise. Nearest support
97.670-97.655.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.