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(M18) Remains Under Pressure....>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (M18) Remains Under Pressure While 97.660-97.695 Caps 
*RES 4: 97.740 Mar 27-28 highs 
*RES 3: 97.715 Apr 2 high
*RES 2: 97.695 6 month falling resistance line
*RES 1: 97.655/660 Hourly resistance, Apr 6, Apr 9 lows
*PRICE: 97.650 @1001GMT
*SUP 1: 97.600 Apr 26 low
*SUP 2: 97.585 Jun 29 2015 low
*SUP 3: 97.560 1.618 swing of 97.630-97.740
*SUP 4: 97.515 50% Fibo of 95.835/99.200
*COMMENTARY* Has continued to fall this month, the first swing target at 97.625
now left behind. Sustained break lower and not much is currently evident ahead
of the Jun 2015 low at 97.585 and more importantly the second swing target at
97.560. As a consequence, initial resistance has fallen to 97.655-97.660 but the
6 month falling resistance line is at 97.695 this week. Above needed before any
respite likely.

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