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(Z17) Double Daily Bottom.......>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (Z17) Double Daily Bottom 98.490
*RES 4: 98.565 - High Sept 15 
*RES 3: 98.551 - 21-DMA 
*RES 2: 98.545 - High Sept 20 
*RES 1: 98.525 - Highs Sept 25 & 28
*PRICE: 98.515 @ 0830GMT
*SUP 1: 98.512 - 200-DMA
*SUP 2: 98.490 - Lows Sept 21 & 28
*SUP 3: 98.480 - Daily Bear channel base
*SUP 4: 98.470 - Low Apr 24
*COMMENTARY: The bounce from 98.490 leaves a double daily bottom in place as
daily studies correct from O/S. Bulls now need a close above 98.525 to gain
traction above the 200-DMA and confirm immediate focus on 98.545-565. Bears look
for a topside failure ahead of 98.545 to retain the upper hand with a close
below the 200-DMA to reconfirm pressure on 98.490. Overall below 98.470 is
needed to initially target 98.425.

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