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

EURIBOR TECHS
EURIBOR TECHS: (Z18) Bears Need Close Below 55-DMA
*RES 4: 100.320 - Repeated Daily highs Dec 
*RES 3: 100.310 - 2018 High Repeatedly May 
*RES 2: 100.308 - Bollinger band top 
*RES 1: 100.305 - Repeated daily lows Apr/May now resistance
*PREVIOUS CLOSE: 100.290
*SUP 1: 100.289 - 55-DMA
*SUP 2: 100.282 - 100-DMA
*SUP 3: 100.274 - 21-DMA
*SUP 4: 100.265 - High June 11 now support
*COMMENTARY: The recovery from 100.245 has resulted in closes above key
resistance levels with bulls regaining the upper hand and immediate focus now
back on tests of 2018 highs. Fresh 2018 highs are needed to initially target
100.320. Daily studies at O/B levels are a concern for bulls. Bears now need a
close below the 55-DMA to ease bullish pressure and below the 21-DMA to hint at
a move back to 100.245 with below the 200-DMA (100.264) confirming.

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