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(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: 97.805 Mar 5 high
*RES 2: 97.775 Mar 6 high, 6 month falling resistance line
*RES 1: 97.740/745 Mar 27-28 highs, hourly resistance
*PRICE: 97.690 @1035GMT
*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 towards the end of last month, following the
earlier loss of 97.700 support. 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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