(Z18) 200-DMA Giving Way *RES 4:......>

EURIBOR TECHS: (Z18) 200-DMA Giving Way

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

*RES 3: 100.300 - Highs June 14 & 15, Repeated highs July 

*RES 2: 100.295 - 21-DMA 

*RES 1: 100.286 - 55-DMA 

*PREVIOUS CLOSE: 100.275 

*SUP 1: 100.278 - 200-DMA 

*SUP 2: 100.265 - High June 11 now support 

*SUP 3: 100.245 - Low June 8 

*SUP 4: 100.190 - Low May 29 

The 200-DMA is tentatively giving way as the Euribor selloff continues following

the failure to overcome 100.300, which appears to have confirmed a lower high

for the cycle. Bears now look set to target the June lows. Bulls need to reclaim

the 55-DMA, currently at 100.286 to stabilise the short-term outlook, and

reclaim the 21-DMA at 100.295 to shift the focus higher and retest the 100.300

highs.