(Z18) 100-DMA Now Capping *RES 4:.....>

EURIBOR TECHS: (Z18) 100-DMA Now Capping

*RES 4: 100.305 - Repeated daily lows Apr/May 

*RES 3: 100.295 - Alternating daily support/resistance 

*RES 2: 100.289 - 55-DMA 

*RES 1: 100.280 - 100-DMA

*PREVIOUS CLOSE: 100.275

*SUP 1: 100.265 - High June 11 now support

*SUP 2: 100.245 - Lows June 7 & 8

*SUP 3: 100.242 - Bollinger band base

*SUP 4: 100.235 - Low May 31

*COMMENTARY: The recovery from 100.245 sees the contract pressuring the 100-DMA

with the 100.280-295 resistance region now key. Bulls need a close above 100.295

to confirm breaks of 55 & 100-DMAs and return focus to 100.305-310. Initial

support remains at 100.265 with bears needing a close below to ease pressure on

the 100-DMA and shift initial focus back to 100.245. Below 100.245 is needed to

target 100.185-215.