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(Z17) 98.580-98.590.............>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (Z17) 98.580-98.590 Resistance Again The Interest Here
*RES 4: 98.655 May 18 high
*RES 3: 98.630 Jun 14 high
*RES 2: 98.610 Jun 6 high
*RES 1: 98.580/590 Jul 14, Jun 16 highs
*PRICE: 98.565 @0902GMT
*SUP 1: 98.535/545 Hourly support
*SUP 2: 98.515 Initial recovery high Jul 6, now support
*SUP 3: 98.495 Jul 6 low, 50% of 98.335-98.655
*SUP 4: 98.470 Apr 23 low
*COMMENTARY* Finally saw some near term movement with the rally back above
98.560-98.565 resistance earlier in the  month. Now looking to see if this
bounce has the impetus to trouble the next 98.580-98.590 area. Through the
latter needed before we reach more important levels between 98.610-98.630. As a
result, nearest support has risen to 98.535-98.545, with the 98.515 level still
seen as key on the downside.

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