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All Eyes On The Channel Top:....>

EURO-STERLING TECHS
EURO-STERLING TECHS: All Eyes On The Channel Top:
*RES 4: 0.9015 High Sep 9
*RES 3: 0.8975 High Sep 13
*RES 2: 0.8973 100-dma
*RES 1: 0.8937 High Oct 1 and reversal trigger
*PRICE: 0.8896 @ 04:36 GMT Oct 4
*SUP 1: 0.8832/33 Low Sep 30/100-dma
*SUP 2: 0.8803 Low Sep 25
*SUP 3: 0.8787 Low Sep 19 and bear trigger
*SUP 4: 0.8772 Low May 22
EURGBP failed to pierce the top of the broad channel drawn off the Aug 12 high
yesterday. The channel top intersects at 0.8896 today and the cross is once
again trading at this level. All eyes today will be on whether it has the
ability to clear this important hurdle. Furthermore, a break of 0.8937, Oct 1
high is also required to reinforce a channel breakout and confirm a reversal.
Support is at 0.8832, a break would highlight a resumption of the downtrend.

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