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(Z18) Gaining Traction Above LT.......>

EURIBOR TECHS
EURIBOR TECHS: (Z18) Gaining Traction Above LT Channel Top
*RES 4: 100.340 - High Oct 10 2016 
*RES 3: 100.325 - High Oct 19 2016, High Dec 15 
*RES 2: 100.320 - Repeated Daily highs Dec 
*RES 1: 100.293 - Daily Bull channel top
*PREVIOUS CLOSE: 100.290
*SUP 1: 100.268 - 21-DMA
*SUP 2: 100.258 - 55-DMA
*SUP 3: 100.250 - Lows Feb 26 & 27
*SUP 4: 100.240 - Low Jan 29
*COMMENTARY: Bullish confidence grows as the contract gains traction above the
weekly bear channel top (100.260) off 2016 highs. Immediate pressure is on the
bull channel top with the Bollinger band top (100.291) a concern and currently
limiting follow through when combine with daily momentum divergence. Bears need
a close below 100.275 to gain breathing room and below 100.250 to hint at a move
back to 100.220-225 where the 200-DMA is situated.
Fixed Income Technical AnalysisMarketsFixed Income Bullets
Fixed Income Technical AnalysisMarketsFixed Income Bullets

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