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

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: 100.290

*SUP 1: 100.285 - Low July 25 - 28

*SUP 2: 100.278 - 55-DMA

*SUP 3: 100.277 - 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 (100.310) remains the

key concerns for bulls as studies correct back to neutral levels.