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

EURIBOR TECHS
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.

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