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

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: 100.305 - Repeated daily lows Apr/May now resistance 

*RES 1: 100.300 - Highs June 14 & 15, Repeated highs July

*PREVIOUS CLOSE: 100.300

*SUP 1: 100.295 - Repeated daily lows July

*SUP 2: 100.285 - 55-DMA

*SUP 3: 100.275 - Lows June 21-22 & 25

*SUP 4: 100.265 - High June 11 now support

*COMMENTARY: The 100.300-305 resistance remains key. Bulls still need a close

above this region to confirm a bullish bias and initially target 100.320. Daily

studies correcting from O/B is less than ideal for bulls. Bears still need a

close below the 55-DMA to ease bullish pressure and below 100.265 to confirm a

break of the 200-DMA (100.274), shifting immediate focus back to 100.245 and

overall focus back to 2018 lows.