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(Z17) 98.495 Remains Key *RES...>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (Z17) 98.495 Remains Key
*RES 4: 98.545 - High Sept 20 
*RES 3: 98.525 - Repeated daily highs Sept 
*RES 2: 98.516 - 200-DMA 
*RES 1: 98.495 - High Oct 6
*PRICE: 98.485 @ 0930GMT
*SUP 1: 98.470 - Low Apr 24
*SUP 2: 98.445 - Low Apr 10
*SUP 3: 98.425 - Low Mar 31
*SUP 4: 98.380 - Low Mar 16
*COMMENTARY: The break of the daily bear channel top has so far lacked follow
through. Bulls continue to look for a close above 98.495 to ease immediate
bearish pressure and above 98.525 to confirm breaks of 21 (98.505) & 200
(98.516) DMAs, shifting immediate focus to 98.545-565. The 98.470 support
remains key. Bears still need a close below 98.470 to retain focus on
98.380-425.

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