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(M18) The Embryonic Recovery....>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (M18) The Embryonic Recovery Reaches 97.820
*RES 4: 97.910/915 Feb 7 high, 76.4% Fibo of 97.980-97.700  
*RES 3: 97.860/870 Feb 2 low, 61.8% Fibo of 97.980-97.700
*RES 2: 97.840 50% Fibo of 97.980-97.700
*RES 1: 97.820 Mar 2 high
*PRICE: 97.765 @1115GMT
*SUP 1: 97.760 Hourly support
*SUP 2: 97.725 Mar 1 low
*SUP 3: 97.700 Feb 28 low
*SUP 4: 97.640 Jul 13 2015 low
*COMMENTARY* The continuous decline finally came to a halt at 97.700 last
Wednesday. The subsequent recovery begins to correct losses, initially from the
Feb 6 high at 97.980. In this respect, following Friday's bounce to 97.820, the
next Fibo retrace level higher is the 50% at 97.840. As a consequence support is
also on the rise, 97.760 initially and then the Mar 1 low at 97.725, now afford
the downside some protection.

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