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100-WMA Confirms Significance...>

EURO-STERLING TECHS
EURO-STERLING TECHS: 100-WMA Confirms Significance
*RES 4: Gbp0.8842 100-DMA 
*RES 3: Gbp0.8830 55-DMA 
*RES 2: Gbp0.8807 Low Mar 16 
*RES 1: Gbp0.8758 High Mar 21
*PRICE: Gbp0.8735 @ 0400GMT
*SUP 1: Gbp0.8707 Hourly resistance Mar 22 now support 
*SUP 2: Gbp0.8667 2018 Low Mar 22 
*SUP 3: Gbp0.8654 100-WMA 
*SUP 4: Gbp0.8599 Low May 24 2017
*COMMENTARY: The significance of the 100-WMA was confirmed Thursday with an
aggressive bounce from fresh 2018 & 10mth lows. Daily studies correcting from
O/S increase the risk of a move back to Gbp0.8807-42 where 21, 55 & 100-DMAs are
situated. Bulls need a close above Gbp0.8758 to confirm. The 100-WMA remains key
support. Bears look for a close below the 100-WMA to target Gbp0.8495-0.8535. A
close below the 100-WMA was last seen in Jan 2016.

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