(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

*PREVIOUS CLOSE: 100.305

*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.