(M18) Pressuring 100-DMA *RES 4:......>

EURIBOR TECHS: (M18) Pressuring 100-DMA

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

*RES 3: 100.320 - Repeated Daily highs Dec 

*RES 2: 100.314 - 21-DMA 

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

*PREVIOUS CLOSE: 100.305

*SUP 1: 100.305 - Lows Dec 4 & 5

*SUP 2: 100.304 - 100-DMA

*SUP 3: 100.295 - Low Dec 1

*SUP 4: 100.285 - Repeated Daily lows Oct

*COMMENTARY: Pressure on 100.310 finally took its toll with a close below that

sees pressure shift to the 100-DMA. bears need a close below the 100-DMA to hint

at a move back to 100.285. Initial resistance is now noted at 100.310 but bulls

look for a close above the 21-DMA to ease bearish pressure and shift initial

focus to 100.320-325. Daily studies at modestly O/S levels is less than ideal

for bears.