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(U18) Key 97.475 Level Comes....>

US EURODOLLAR TECHS
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.

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