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Above Gbp0.8816 To Ease.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Above Gbp0.8816 To Ease Bearish Pressure
*RES 4: Gbp0.8839 Hourly resistance Sept 22
*RES 3: Gbp0.8816 Hourly resistance Sept 25
*RES 2: Gbp0.8800 High Sept 26
*RES 1: Gbp0.8788 Hourly resistance Sept 26
*PRICE: Gbp0.8771 @ 0430GMT
*SUP 1: Gbp0.8760 Hourly support Sept 27 
*SUP 2: Gbp0.8754 Low Sept 26 
*SUP 3: Gbp0.8741 Monthly Low July 14 
*SUP 4: Gbp0.8718 200-DMA
*COMMENTARY: Despite very O/S studies bears  dominate with immediate focus on
Gbp0.8711-18 where the 55-WMA and 200-DMA are situated. Layers of resistance
continue to build and weigh on the pair. Bull snow need a close above Gbp0.8816
to ease bearish pressure and above Gbp0.8920 to shift initial focus back to 21 &
55-DMAs (gbp0.8981-0.9011). Bears currently focus on Gbp0.8716-17 where the
55-WMA and 200-DMA are situated. Below the 55-WMA shifts focus to Gbp0.8523.

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