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55-DMA & 100-DMA Key Levels.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 55-DMA & 100-DMA Key Levels
*RES 4: Gbp0.8981 High Nov 28 
*RES 3: Gbp0.8924 100-DMA 
*RES 2: Gbp0.8922 Low Nov 27 now resistance 
*RES 1: Gbp0.8893 High Dec 28
*PRICE: Gbp0.8890 @ 0530GMT
*SUP 1: Gbp0.8861 55-DMA 
*SUP 2: Gbp0.8826 Low Dec 20 
*SUP 3: Gbp0.8780 Hourly support Dec 15 
*SUP 4: Gbp0.8759 Lows Dec 14 & 15
*COMMENTARY: Despite trading above the 55-DMA the pair remains capped ahead of
the 100-DMA. Bulls still need a close above the 100-DMA to add support to their
case and confirm initial focus on Gbp0.8981-0.9048. O/B daily studies looking to
correct remain the key concern for bulls. Layers of support remain with bears
needing a close below the 55-DMA to ease pressure on resistance layers and below
Gbp0.8826 to shift initial focus back to Gbp0.8690-0.8759.
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