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

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (M18) Will Remain Under Pressure While 97.645-97.660 Caps 
*RES 4: 97.740 Mar 27-28 highs 
*RES 3: 97.715 Apr 2 high
*RES 2: 97.660 Apr 6, Apr 9 lows, now resistance
*RES 1: 97.645 6 month falling resistance line
*PRICE: 97.635 @1000GMT
*SUP 1: 97.595/600 May 8, Apr 26 lows
*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 97.595 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
97.645-97.660, the former the level of the 6 month falling resistance line this
week. Above needed before any real respite likely.

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