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(U18) 97.560 Resistance Key.....>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (U18) 97.560 Resistance Key
*RES 4: 97.680 Weekly high Mar 23
*RES 3: 97.640 Monthly high May 30
*RES 2: 97.595 High May 31
*RES 1: 97.560 Repeated Daily highs June
*PRICE: 97.545 @ 0930GMT
*SUP 1: 97.532 55-DMA
*SUP 2: 97.520 Repeated Daily lows June
*SUP 3: 97.500 Low June 14
*SUP 4: 97.475 2018 Low Apr 25, May 8 & June 13
*COMMENTARY: Hesitation ahead of the 100-DMA (97.557) continues with the 55-DMA
supporting and having supported the past couple of weeks. Bears need a close
below 97.520 to confirm breaks of 21 (97.541) & 55-DMAs, easing bullish
pressure, with a close below 97.500 then required to pressure the key 97.475
support. Above 97.560 ends bearish hopes and shifts initial focus to 97.595 and
overall focus to 97.640.

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