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(M18) Focus Shifts To 100.280-295.....>

EURIBOR TECHS: (M18) Focus Shifts To 100.280-295
*RES 4: 100.340 - High Oct 10 2016 
*RES 3: 100.325 - High Oct 19 2016, High Dec 15 
*RES 2: 100.320 - Repeated Daily highs Dec 
*RES 1: 100.315 - Repeated Daily highs Feb
*SUP 1: 100.300 - Low Feb
*SUP 2: 100.295 - Low Dec 1
*SUP 3: 100.285 - Repeated Daily lows Oct
*SUP 4: 100.280 - Monthly Low Sept 28
*COMMENTARY: The 100.305 support has finally been broken although follow through
has been lacking. In saying that, focus now shifts to layers of support
100.280-295 where the 200-DMA is situated. Layers of resistance have accumulated
with bulls needing a close above 100.315 to confirm a false break and return
focus to 100.320-325. Daily studies have room to move before O/S is an issue.

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