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(M18) Will Remain Under.........>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (M18) Will Remain Under Pressure While 97.670 Caps 
*RES 4: 97.740 Mar 27-28 highs 
*RES 3: 97.715 Apr 2 high
*RES 2: 97.670 6 month falling resistance line
*RES 1: 97.655/660 Hourly resistance, Apr 6, Apr 9 lows
*PRICE: 97.630 @1015GMT
*SUP 1: 97.600/610 Apr 26 low, hourly support
*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* The fall continued last month, beneath the first swing target at
97.625. A low of 97.600 so far, 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 the slightly higher
97.670 level this week. Above needed before any real respite likely.

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