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Another cycle high: *RES 4:.....>

EURO-STERLING TECHS: Another cycle high:
*RES 4: 0.9415 High Oct 2016
*RES 3: 0.9307 High Aug 29 2017
*RES 2: 0.9283 Upper 2.0% 10-dma envelope
*RES 1: 0.9249 Intraday high
*PRICE: 0.9240 @ 02:37 GMT Aug 06
*SUP 1: 0.9089 Low Jul 31
*SUP 2: 0.9051 High Jul 17 and Jul 29 bull trigger
*SUP 3: 0.8977 Low Jul 29
*SUP 4: 0.8946 Low Jul 26
The broader, technically bullish picture remains intact with EURGBP extending to
multi-month highs of 0.9249, leaving bulls' focus on the Aug 29 2017 high at
0.9307. However, this argument would weaken on a fall below 0.9050.
Brexit/political headlines remain the key driver ahead of the October 31 Brexit
deal deadline.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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