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(M18) Swing Target At 97.625....>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (M18) Swing Target At 97.625 Under Pressure Today
*RES 4: 97.775 Mar 6 high
*RES 3: 97.740/745 Mar 27-28 highs, 6 month falling res line
*RES 2: 97.715 Apr 2 high
*RES 1: 97.685/690 Hourly resistance
*PRICE: 97.620 @1112GMT
*SUP 1: 97.620/625 Intraday low, 1.618 swing of 97.700-97.820
*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 week, the first swing target at 97.625
under pressure today. Any 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 97.685-97.690 but no real
respite is likely to be forthcoming, until such time as the 6 month falling
resistance line, currently at 97.745 is broken.

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