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(M18) Bulls Need Close Above 55-DMA...>

EURIBOR TECHS
EURIBOR TECHS: (M18) Bulls Need Close Above 55-DMA
*RES 4: 100.320 - Repeated Daily highs Dec 
*RES 3: 100.315 - Repeated Daily highs Feb 
*RES 2: 100.312 - 55-DMA 
*RES 1: 100.310 - 100-DMA
*PREVIOUS CLOSE: 100.300
*SUP 1: 100.295 - Low Dec 1, 2018 Low Feb 23 & 26
*SUP 2: 100.285 - Repeated Daily lows Oct
*SUP 3: 100.280 - Low Oct 6
*SUP 4: 100.275 - Monthly Low Sept 28
*COMMENTARY: The 100.305 support was recently taken out although follow through
has been lacking. In saying that, focus has shifted to layers of support
100.275-295 where the 200-DMA is situated. Layers of resistance have accumulated
with bulls needing a close above 100.315 to confirm breaks of DMAs and return
focus to 100.320-325. Daily studies are now seen correcting from modestly O/S
levels and add support to the bullish case.

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