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(M18) 100.305-310 Support Key This....>

EURIBOR TECHS
EURIBOR TECHS: (M18) 100.305-310 Support Key This Week
*RES 4: 100.380 - Low Sept 27 2016 now resistance 
*RES 3: 100.340 - High Oct 10 2016 
*RES 2: 100.332 - Daily Bull channel top 
*RES 1: 100.325 - High Oct 19 2016, High Dec 15
*PREVIOUS CLOSE: 100.315
*SUP 1: 100.310 - Low Dec 12, 55-DMA
*SUP 1: 100.305 - Lows Dec 4 & 5
*SUP 2: 100.300 - 100-DMA
*SUP 4: 100.295 - Low Dec 1
*COMMENTARY: The failure to gain traction above 100.325 is less than ideal for
bulls given daily studies correcting from modestly O/B levels. The 100.305-310
support region is key this week. Bears need a close below 100.305 to ease
bullish pressure and shift focus to 100.295-300 where the bull channel base and
100-DMA are located. Bulls still need a close above 100.325 to initially
pressure the bull channel top and then target 100.340-380.

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