(Z18) O/B Daily Studies Correcting,...>

EURIBOR TECHS: (Z18) O/B Daily Studies Correcting, 100.285 Support Key

*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: 100.305 - 2018 High Mar 27 & 28

*PREVIOUS CLOSE: 100.300

*SUP 1: 100.295 - Repeated daily lows Mar

*SUP 2: 100.290 - Highs Mar 13 & 14 now support

*SUP 3: 100.285 - Low Mar 15

*SUP 4: 100.275 - High Mar 7 now support

*COMMENTARY: Bulls take comfort in fresh 2018 highs which add support to the

case for a move targeting 100.320-340. Correcting O/B daily studies and daily

momentum divergence are a concern for bulls. In saying that, bears continue to

look for a close below 100.285 to gain breathing room and below 100.275 to

pressure DMAs 100.266-269 where 55 & 100-DMAs are located.