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0.9001 Is The Support To........>

EURO-STERLING TECHS
EURO-STERLING TECHS: 0.9001 Is The Support To Watch
*RES 4: 0.9240 High Mar 26
*RES 3: 0.9184 61.8% Fibonacci retracement of the Mar - Apr decline
*RES 2: 0.9176 High Jun 29 and the bull trigger
*RES 1: 0.9080 High Jul 1
*PRICE: 0.9046 @ 05:52 BST Jul 7
*SUP 1: 0.9001 Low Jun 25 and key near-term support
*SUP 2: 0.8950 Low Jun 18
*SUP 3: 0.8946/12 50-day EMA / Low Jun 16
*SUP 4: 0.8883 Low Jun 10
EURGBP stalled at 0.9176 on Jun 29. The subsequent pullback means the cross
failed to tackle 0.9184, 61.8% of the Mar - Apr decline. This marks a bearish
development. Furthermore, the Jun 30 price pattern was a bearish engulfing
candle that warns of a top. Attention remains on initial support at 0.9001, Jun
25 low and resistance at 0.9176, Jun 29 high. A breach of the support would
reinforce a bearish threat. 0.9176 is the trigger for a resumption of gains.

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