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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(U18) Key 97.475 Level Comes....>
US EURODOLLAR TECHS: (U18) Key 97.475 Level Comes Under Scrutiny
*RES 4: 97.575 May 14 high
*RES 3: 97.560 Jun 7 high
*RES 2: 97.545 Jun 5 high
*RES 1: 97.515 Hourly resistance
*PRICE: 97.500 @1045GMT
*SUP 1: 97.475 Apr 25, May 8 lows
*SUP 2: 97.425 50% Fibo of 95.695-99.155
*SUP 3: 97.375 1.618 swing of 97.475-97.640
*SUP 4: 97.370 Mar/Jun lows 2015, Broken 9 mth resistance line
*COMMENTARY* Saw a move back above the 9 month falling resistance line earlier
last month, which has fallen by time to 97.370 this week and this has been the
precursor to some recovery. We have subsequently seen a rally back to 97.640
where the rally has stalled. As a result, Wednesday saw a loss of 97.500
support, although the decline has so far been held by the stronger 97.475 level.
This remains key to direction. Resistance currently 97.515-97.545.
To read the full story
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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.