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(Z17) Rally Brings..............>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (Z17) Rally Brings 98.610-98.630 Resistance To The Fore
*RES 4: 98.680 May 30 2016 low, now resistance
*RES 3: 98.655 May 18 high
*RES 2: 98.630 Jun 14 high
*RES 1: 98.610 Jun 6 high
*PRICE: 98.580 @1051GMT
*SUP 1: 98.555 Aug 25 low
*SUP 2: 98.535 Congestion area Jul 27-Aug 17
*SUP 3: 98.520 Jul 25, Jul 26 lows
*SUP 4: 98.495 Jul 6 low, 50% Fibo of 98.335-98.655
*COMMENTARY* After weeks of consolidation we have seen a break above
98.580-98.590 resistance. This should allow some further progression, as we claw
back losses from the May 18 high at 98.655. Next up is the Jun 6 high at 98.610
and then the Jun 14 high at 98.630. Back above the latter required however,
before the near term bias will switch from corrective to favour the topside
again. Support rises to 98.555 initially and then backed up by 98.535-98.520.

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