(Z18) 100.275 Resistance Key Today....>

EURIBOR TECHS: (Z18) 100.275 Resistance Key Today

*RES 4: 100.295 - Alternating daily support/resistance 

*RES 3: 100.290 - 55-DMA 

*RES 2: 100.275 - Low June 4 & 5 now resistance 

*RES 1: 100.273 - 21-DMA

*PREVIOUS CLOSE: 100.270

*SUP 1: 100.265 - High June 11 now support

*SUP 2: 100.245 - Lows June 7 & 8

*SUP 3: 100.241 - Bollinger band base

*SUP 4: 100.235 - Low May 31

*COMMENTARY: The 55-DMA confirmed significance with the recovery from 2018 lows

remaining capped on approach. The failure ahead of the 55-DMA provided the

impetus for a sell-off and dips below the 200-DMA. Downside follow through has

been lacking with the recovery seeing pressure back on 100.275. Bulls need a

close above 100.275 to gain breathing room and above 100.295 to return focus to

2018 highs. Bears now look for a close below 100.265 to gain breathing room.