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Free Access(U18) 97.560 Resistance Now.....>
US EURODOLLAR TECHS: (U18) 97.560 Resistance Now 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: 97.535 @ 0930GMT
*SUP 1: 97.531 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 (97.559) continues with the 55-DMA
continuing to support and having supported the past couple of weeks. Bears need
a close below 97.520 to confirm breaks of 21 (97.539) & 55-DMAs, easing bullish
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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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.