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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: Gbp0.8782 High Sept 27
*PRICE: Gbp0.8768 @ 0430GMT
*SUP 1: Gbp0.8758 Hourly support Sept 27 
*SUP 2: Gbp0.8746 Low Sept 27 
*SUP 3: Gbp0.8741 Monthly Low July 14 
*SUP 4: Gbp0.8719 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. O/S daily studies remain
the key concern for bears. Layers of resistance remain with bulls needing a
close above Gbp0.8816 to ease bearish pressure and above Gbp0.8920 to shift
initial focus back to 21 & 55-DMAs (Bbp0.8961-0.9010). Bears look for a close
below the 55-WMA to shift focus to Gbp0.8523.

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