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(H18) Bears Need Close Below 55-DMA...>

EURIBOR TECHS
EURIBOR TECHS: (H18) Bears Need Close Below 55-DMA
*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: 100.320 - Repeated Daily highs
*PREVIOUS CLOSE: 100.315
*SUP 1: 100.315 - Repeated daily highs Sept & Oct now support
*SUP 2: 100.311 - 55-DMA, 21-DMA
*SUP 3: 100.305 - Repeated Daily Lows Oct
*SUP 4: 100.300 - Alternating daily support/resistance
*COMMENTARY: Support at 100.305 provided the base for a break of 100.315 with
bulls focused on 100.320-325 where 2017 highs are situated. Overall a close
above 100.330 is needed to target 100.360. Bears look for a close below the
55-DMA to ease bullish pressure and shift focus to layers of support 100.296-305
where the bull channel base and 100-DMA are found. Overall bears need a close
below the channel base (100.296) to shift focus to 100.285.

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