(Z18) Selloff Continues *RES 4:.......>

EURIBOR TECHS: (Z18) Selloff Continues

*RES 4: 100.300 - Highs June 14 & 15, Repeated highs July 

*RES 3: 100.293 - 21-DMA 

*RES 2: 100.286 - 55-DMA 

*RES 1: 100.278 - 200-DMA 

*PREVIOUS CLOSE: 100.270 

*SUP 1: 100.265 - High June 11 now support 

*SUP 2: 100.245 - Low June 8 

*SUP 3: 100.215 - Low May 28 

*SUP 4: 100.190 - Low May 29 

Despite closing off its lows on Friday Dec Euribor continues to look bearish as

the 200-DMA at 100.270 turns from support to resistance. Bulls need to overcome

this level if they are to shift the focus back to neutral. The bears look set to

target the June 8 low at 100.245 before a potential run at the late May panic

lows.