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(Z17) Six Month Rising..........>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (Z17) Six Month Rising Support Line At 98.570 Today
*RES 4: 98.695 38.2% Fibo of 99.270-98.335
*RES 3: 98.680 May 30 2016 low, now resistance
*RES 2: 98.655 May 18 high
*RES 1: 98.635 Sep 8 high
*PRICE: 98.590 @1034GMT
*SUP 1: 98.570/580 6 month rising support line, Sep 12 low
*SUP 2: 98.560 Aug 25 low, Aug 3-4 highs
*SUP 3: 98.545 Congestion area Jul 26-Aug 10
*SUP 4: 98.520 Jul 25-Jul 26 lows
*COMMENTARY* After weeks of consolidation we saw a break above 98.580-98.590
resistance back on Aug 29. This has allowed some further progression and with
the subsequent move through 98.630, this brought the May 18 high at 98.655 back
into view. As a result, support also rises, focus now on  98.580/98.570, the
latter the 6 month support line, loss would suggest scope for a deeper fall as
we give back some of the recent gains from 98.520.

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