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EURGBP TECHS

Resumes Its Uptrend

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EURIBOR TECHS
EURIBOR TECHS: (H18) Above 100.305 Targets 100.330-360
*RES 4: 100.360 - High Oct 6 
*RES 3: 100.330 - High Oct 19 
*RES 2: 100.307 - Bollinger band top 
*RES 1: 100.305 - 2017 High June 14 & 22
*PREVIOUS CLOSE: 100.305
*SUP 1: 100.285 - Repeated daily lows July & Aug
*SUP 2: 100.281 - 55-DMA, Daily Bull channel base
*SUP 3: 100.275 - Alternating daily support/resistance
*SUP 4: 100.268 - Bollinger band top
*COMMENTARY: The support at 100.285 has now provided the base for a rally and
bullish close pressuring 2017 highs. Bulls continue to look for a close above
100.305 to reconfirm the bullish bias and initially target 100.330-360 last seen
in Oct. Layers of support remain 100.275-285 with bears needing a close below
100.275 to confirm an easing of bullish pressure and break of DMAs & the bull
channel base with focus shifting to the 100-DMA (100.260).

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