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20-day EMA at 0.8864 marks......>

EURO-STERLING TECHS
EURO-STERLING TECHS: 20-day EMA at 0.8864 marks general area of support:
*RES 4: 0.9092 High Jan 3 and major resistance
*RES 3: 0.9061 High Jan 11
*RES 2: 0.9000 Psychological round number
*RES 1: 0.8974 High Jun 18
*PRICE: 0.8891 @ 04:17 GMT June 21
*SUP 1: 0.8871 Low May 12
*SUP 2: 0.8864 20-day EMA and general key support area
*SUP 3: 0.8827 Low Jun 6
*SUP 4: 0.8779 200-DMA
EURGBP pushed higher Thursday, rallying back above 0.8900 before momentum faded
and the outlook turned neutral. Bulls need a close above the 0.8900 handle to
reinvigorate the upside argument and re-target the Jun18 high of 0.8974. The 50D
EMA intersects at 0.8864. This area represents a support where bullish interest
should develop. A failure to rebound off 0.8860 would instead reinforce the
bearish case. For now, pullbacks are seen to be corrective.

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