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(H18) Below 55-DMA To Pressure........>

EURIBOR TECHS
EURIBOR TECHS: (H18) Below 55-DMA To Pressure 100-DMA
*RES 4: 100.323 - Bollinger band top 
*RES 3: 100.320 - Repeated Daily highs 
*RES 2: 100.313 - 21-DMA 
*RES 1: 100.310 - Repeated daily lows now resistance
*PREVIOUS CLOSE: 100.310
*SUP 1: 100.305 - Repeated daily lows Aug
*SUP 2: 100.300 - Alternating daily support/resistance
*SUP 3: 100.296 - 55-DMA
*SUP 4: 100.284 - 100-DMA
*COMMENTARY: Topside hesitation ahead of recent 2017 highs took its toll with a
close below 100.310 that confirmed an easing of bullish pressure and sees focus
on the 55-DMA. Bears look for a close below the 55-DMA to initially pressure the
100-DMA and below 100.275 to shift focus to the 200-DMA (100.255). Bulls now
need a close above the 21-DMA to return initial focus to 100.320-325. The
Bollinger base (100.304) is the key concern for bears.

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