(Z18) Bears Need Close Below 55-DMA...>

EURIBOR TECHS: (Z18) Bears Need Close Below 55-DMA

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

*RES 3: 100.320 - Repeated Daily highs Dec 

*RES 2: 100.310 - 2018 High Repeatedly May 

*RES 1: 100.305 - Repeated daily lows Apr/May

*PREVIOUS CLOSE: 100.295

*SUP 1: 100.291 - Daily Bull channel base off 2018 Low, 55-DMA

*SUP 2: 100.275 - High Mar 7 now support

*SUP 3: 100.274 - 100-DMA

*SUP 4: 100.265 - Repeated daily lows Mar

*COMMENTARY: Hesitation ahead of the 100.320-340 resistance region is taking its

toll with pressure back on the 55-DMA which confirmed significance Thursday.

Bears look for a close below the 55-DMA to confirm a shift in initial focus back

to 100.274-275 where the 100-DMA is found. Bulls now need a close above 100.305

to gain breathing room and above 100.310 to reconfirm focus on 100.320-340.