(M18) 100-DMA Support Holds Firm......>

EURIBOR TECHS: (M18) 100-DMA Support Holds Firm

*RES 4: 100.325 - High Oct 19 2016, High Dec 15 

*RES 3: 100.320 - Repeated Daily highs Dec 

*RES 2: 100.313 - 55-DMA, 21-DMA 

*RES 1: 100.310 - Repeated Daily lows Jan now resistance

*PREVIOUS CLOSE: 100.310

*SUP 1: 100.305 - Lows Dec 4 & 5. 100-DMA

*SUP 2: 100.304 - Bollinger band base

*SUP 3: 100.295 - Low Dec 1

*SUP 4: 100.285 - Repeated Daily lows Oct

*COMMENTARY: Bulls take comfort in the 100-DMA holding firm with bears needing a

close below the 100-DMA to hint at a move back to 100.285. Initial resistance

remains at 100.310 but bulls look for a close above the 55-DMA to ease bearish

pressure and shift initial focus to 100.320-325. Daily studies at modestly O/S

levels and looking to correct remains less than ideal for bears.