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(U2) Regaining Stability


Mester Notes Decision That


(U2) More Stable But Still Fragile Longer Term

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EURIBOR TECHS: (H18) Pressure On 55-DMA
*RES 4: 100.382 - Daily Bull channel top 
*RES 3: 100.360 - High Oct 6 
*RES 2: 100.330 - High Oct 19 
*RES 1: 100.325 - 2017 Repeated Daily Highs Sept, Oct & Nov
*SUP 1: 100.315 - 55-DMA
*SUP 2: 100.310 - Low Oct 26
*SUP 3: 100.305 - Repeated Daily Lows Oct
*SUP 4: 100.300 - Alternating daily sup/res
*COMMENTARY: The contract remained capped at 100.325 2017 highs during past
week's resulting in dips back to the 55-DMA which currently supports. Bears look
for a close below the 55-DMA to shift pressure to 100.300-311 where the daily
bull channel base and 100-DMA are located. Below 100.305 is needed to confirm a
break of the 100-DMA, ending bullish hopes and shifting focus back to
100.275-285. Bulls continue to look for a close 100.330 to target 100.360-382.

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