(H18) Pressuring Key Support *RES.....>

EURIBOR TECHS: (H18) Pressuring Key Support

*RES 4: 100.360 - High Oct 6 

*RES 3: 100.330 - High Oct 19 

*RES 2: 100.305 - 2017 High June 14 & 22 

*RES 1: 100.300 - High July 25

*PREVIOUS CLOSE: 100.285

*SUP 1: 100.285 - Low July 25 - 28

*SUP 2: 100.275 - High July 14 & 17 now support, 21 & 55-DMA

*SUP 3: 100.269 - Daily Bull channel base

*SUP 4: 100.252 - 100-DMA

*COMMENTARY: The lack of follow through on the spike to 100.300 on July 25 has

left the contract looking a little heavy and pressuring the 100.285 support.

Bears continue to look for a close below 100.285 to ease bullish pressure and

signal a correction back to 100.269-275 where 21 & 55-DMAs and the daily bull

channel base are situated. While 100.285 supports bulls retain the upper hand

and focus on a break of 100.305 needed to target the 100.330-360 region.