(M18) Pressuring Key Support Region...>

EURIBOR TECHS: (M18) Pressuring Key Support Region

*RES 4: 100.380 - Low Sept 27 2016 now resistance 

*RES 3: 100.340 - High Oct 10 2016 

*RES 2: 100.333 - Daily Bull channel top 

*RES 1: 100.325 - High Oct 19 2016, High Dec 15

*PREVIOUS CLOSE: 100.310

*SUP 1: 100.310 - Low Dec 12

*SUP 2: 100.305 - Lows Dec 4 & 5

*SUP 3: 100.301 - 100-DMA

*SUP 4: 100.295 - Low Dec 1

*COMMENTARY: The failure to gain traction above 100.325 was less than ideal for

bulls given daily studies correcting from modestly O/B levels. The 100.305-310

support region remains key. Bears need a close below 100.305 to ease bullish

pressure and shift focus to 100.295-301 where the bull channel base and 100-DMA

are located. Bulls still need a close above 100.325 to initially pressure the

bull channel top and then target 100.340-380.