(H18) Bears Need Close Below 21-DMA...>

EURIBOR TECHS: (H18) Bears Need Close Below 21-DMA

*RES 4: 100.375 - High Oct 4 

*RES 3: 100.360 - High Oct 6 

*RES 2: 100.330 - High Oct 19 

*RES 1: 100.310 - 2017 High Aug 11 - 21

*PREVIOUS CLOSE: 100.310

*SUP 1: 100.300 - Low Aug 11 - 16

*SUP 2: 100.298 - 21-DMA

*SUP 3: 100.285 - 55-DMA

*SUP 4: 100.275 - Alternating daily support/resistance

*COMMENTARY: The support at 100.285 provided the base for a rally and fresh 2017

& 10mth highs with bullish focus currently on the 100.330-360 region last seen

in Oct 2016. Sideways trading defined last week. Layers of support remain with

bears needing a close below the 21-DMA to ease bullish pressure and below the

55-DMA to signal a correction that initially targets the 100-DMA (100.270). The

Bollinger top (100.314) remains the key concern for bulls.