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(Z17) 61.8% Fibo Support From...>

US EURODOLLAR TECHS: (Z17) 61.8% Fibo Support From 98.455 Now The Focus
*RES 4: 98.580 Sep 14 high
*RES 3: 98.555 Aug 25 low, now resistance
*RES 2: 98.525 Sep 25, Sep 28 highs
*RES 1: 98.510 Oct 13 high
*PRICE: 98.470 @1245GMT
*SUP 1: 98.455 61.8% Fibo of 98.335-98.655
*SUP 2: 98.410 76.4% Fibo of 98.335-98.655
*SUP 3: 98.360 Dec 15 low
*SUP 4: 98.335 Mar15 low
*COMMENTARY* Some movement last week, if only slight so far. 98.470 support has
finally given way, allowing the focus to switch to 98.455. This the 61.8% Fibo
retrace level of the 98.335-98.655 rally, seen between March and May earlier
this year. Resistance in the meantime hasn't really changed, while 98.455
remains intact, then it will take a move back above 98.510 to alter things. Loss
of 98.455 however, will trigger a deeper 98.410 fall.

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