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(Z17) Key 98.495 Support........>

US EURODOLLAR TECHS: (Z17) Key 98.495 Support Comes Under Pressure
*RES 4: 98.635 Sep 8 high
*RES 3: 98.600/610 Aug 29 high, Sep 8 low
*RES 2: 98.580 Broken 6 month support line
*RES 1: 98.540/545 Sep 14 low, Sep 20 high
*PRICE: 98.505 @1019GMT
*SUP 1: 98.495 Jul 6 low, 50% Fibo of 98.335-98.655
*SUP 2: 98.470 Apr 24 low
*SUP 3: 98.455 61.8% Fibo of 98.335-98.655
*SUP 4: 98.410 76.4% Fibo of 98.335-98.655
*COMMENTARY* Failed to take advantage of the break above 98.590/98.600 earlier
in the month, a high of 98.635 before giving up ground again. This culminated in
a drop below the 6 month rising support line last week. This suggests that there
is initially scope for a return towards the Jul 6 low at 98.495. In the interim,
nearest resistance comes from 98.540-98.545 and then the broken support line at
98.580. Below 98.495 and 98.455 is next attraction.

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