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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: 100.305 - 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, 200-DMA
*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 (100.275), shifting immediate focus back to 100.245 and
overall focus back to 2018 lows.

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