(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: 100.325 - 2017 High Sept 5-8 

*RES 1: 100.321 - Bollinger band top

*PREVIOUS CLOSE: 100.315

*SUP 1: 100.313 - 21-DMA, Daily Bull channel base

*SUP 2: 100.300 - Low Aug 11 - 16

*SUP 3: 100.292 - 55-DMA

*SUP 4: 100.281 - 100-DMA

*COMMENTARY: The dip below the 21-DMA and daily bull channel base is less than

ideal but follow through has so far been lacking. Bears continue to look for a

close below the channel base to ease bullish pressure and below 100.275 to

signal a correction that initially targets the 200-DMA (100.254). Until a close

below the channel base is seen bulls remain focused on 100.330-419 where the

bull channel top is located.