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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: Gbp0.8809 High Sept 28
*RES 1: Gbp0.8787 Hourly resistance Sept 28
*PRICE: Gbp0.8782 @ 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: As daily studies correct from O/S continued hesitation ahead of the
55-WMA (Gbp0.8711) and 200-DMA is a concern for bears and hints at a correction.
Bulls continue to look for a close above Gbp0.8816 to ease bearish pressure and
above Gbp0.8920 to shift initial focus back to 21 & 55-DMAs (Gbp0.8940-0.9011).
Bears continue to look for a close below the 55-WMA to shift focus to Gbp0.8523.

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