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

EURIBOR TECHS
EURIBOR TECHS: (H18) Bears Need Close Below Channel Base
*RES 4: 100.360 - High Oct 6 
*RES 3: 100.330 - High Oct 19 
*RES 2: 100.305 - 2017 High June 14 & 22 
*RES 1: 100.300 - High July 25, High Aug 3
*PREVIOUS CLOSE: 100.295
*SUP 1: 100.285 - Low July 25 - 28
*SUP 2: 100.278 - 55-DMA
*SUP 3: 100.275 - Daily Bull channel base
*SUP 4: 100.257 - 100-DMA
*COMMENTARY: Despite O/B daily studies correcting, bears failed to manage a
break of 100.285. Bears need a close below 100.285 to ease bullish pressure and
below the daily bull channel base to shift focus back to 100.244-257. 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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