(H18) Bears Need Close Below..........>

EURIBOR TECHS: (H18) Bears Need Close Below Channel Base

*RES 4: 100.330 - High Oct 19 

*RES 3: 100.305 - 2017 High June 14 & 22 

*RES 2: 100.300 - High July 25 

*RES 1: 100.295 - Repeated Daily Highs

*PREVIOUS CLOSE: 100.290

*SUP 1: 100.285 - Low July 25 - 28

*SUP 2: 100.276 - 55-DMA

*SUP 3: 100.272 - Daily Bull channel base

*SUP 4: 100.253 - 100-DMA

*COMMENTARY: Despite O/B daily studies correcting, bears have failed to manage a

break of 100.285. Bears need a close below 100.285 to ease bullish pressure and

signal a correction back to 100.272-277 where 21 & 55-DMAs and the daily bull

channel base are situated. While 100.285 supports bulls retain the upper hand

and focus on a break of 100.305 needed to target the 100.330-360 region. The

Bollinger top and O/B studies remain the key concerns for bulls.