(H18) Bollinger Top Capping *RES 4:...>

EURIBOR TECHS: (H18) Bollinger Top Capping

*RES 4: 100.375 - High Oct 4 

*RES 3: 100.360 - High Oct 6 

*RES 2: 100.330 - High Oct 19 

*RES 1: 100.315 - 2017 High Aug 22, Bollinger top

*PREVIOUS CLOSE: 100.310

*SUP 1: 100.300 - Low Aug 11 - 16

*SUP 2: 100.298 - 21-DMA

*SUP 3: 100.285 - 55-DMA

*SUP 4: 100.275 - Alternating daily support/resistance

*COMMENTARY: Consolidation above the 21-DMA has retained pressure on 100.310

resulting in fresh 2017 highs before the Bollinger band top capped. Daily

studies at O/B levels and the Bollinger top are concerns for bulls. In saying

that, bears still need a close below the 21-DMA to ease bullish pressure and

below the 55-DMA to signal a correction that initially targets the 100-DMA

(100.271). While the 21-DMA supports bull target 100.330-360.