(Z18) Downside Potential Increases ...>

EURIBOR TECHS: (Z18) Downside Potential Increases 

*RES 4: 100.310 - 2018 High Repeatedly May 

*RES 3: 100.305 - Repeated daily lows Apr/May now resistance 

*RES 2: 100.300 - Highs June 14 & 15, Repeated highs July 

*RES 1: 100.298 - 21-DMA 

*PREVIOUS CLOSE: 100.285 

*SUP 1: 100.285 - 55-DMA 

*SUP 2: 100.277 - 200-DMA 

*SUP 3: 100.265 - High June 11 now support 

*SUP 4: 100.245 - Low June 8 

Friday's selloff has added further weight to the bearish case for the December

Euribor contract, which sits on its 55-DMA after bouncing off support at its

200-DMA. Bears need a successful move below the 200-DMA at 100.277 to trigger a

bearish technical pattern. Bulls need to remain above the 55-DMA in order to

keep the medium-term bullish trend intact, and push above the 21-DMA at 100.298

to target new highs.