(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: 100.321 - Bollinger band top 

*RES 1: 100.315 - 2017 High Aug 22 - 30

*PREVIOUS CLOSE: 100.310

*SUP 1: 100.304 - 21-DMA

*SUP 2: 100.300 - Low Aug 11 - 16, Daily Bull channel base

*SUP 3: 100.287 - 55-DMA

*SUP 4: 100.285 - Repeated daily lows July & Aug

*COMMENTARY: Pressure remains on recent 2017 highs with the Bollinger band top

capping and modestly O/B daily studies correcting also a concern and weighing a

little. In saying that, bears need a close below the daily bull channel base to

ease bullish pressure and below the 100.285 to signal a correction that

initially targets the 100-DMA (100.275). While the channel base supports bull

target 100.330-370.