(M18) Bears Need Close Below 55-DMA...>

EURIBOR TECHS: (M18) Bears Need Close Below 55-DMA

*RES 4: 100.332 - Daily Bull channel top 

*RES 3: 100.320 - Monthly High Oct 

*RES 2: 100.315 - Repeated daily highs Nov 

*RES 1: 100.314 - 21-DMA

*PREVIOUS CLOSE: 100.310

*SUP 1: 100.305 - Low Nov 24 & 27 - 28

*SUP 2: 100.303 - 55-DMA

*SUP 3: 100.295 - Low Oct 26

*SUP 4: 100.289 - 100-DMA

*COMMENTARY: The contract is finding support around the bull channel base

(100.307) off Sept lows and ahead of the 55-DMA. Bears need a close below the

55-DMA to confirm a break of the channel base, shifting immediate focus to

100.295 and overall focus to 100.285-289 where the 100-DMA is situated. Bulls

now need a close above 100.315 to gain breathing room and above 100.320 to

confirm focus on the bull channel top.