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Approaches The Range High.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Approaches The Range High
*RES 4: 0.8972 High Mar 31
*RES 3: 0.8911 High Apr 1
*RES 2: 0.8865 Apr 7 high and range resistance
*RES 1: 0.8848 50-dma
*PRICE: 0.8841 @ 06:00 BST May 13
*SUP 1: 0.8759 Low May 12
*SUP 2: 0.8691 Low May 01 / 05
*SUP 3: 0.8671 Low Apr 30 and range base
*SUP 4: 0.8657 Low Mar 9
EURGBP struck multi-week highs Tuesday clearing resistance at 0.8814, May 5 high
and is testing the 50-dma of 0.8848. More importantly, the cross is trading
close to the top of its current range at 0.8865, Apr 7 high. The base is at
0.8671, Mar 30 low. Clearance of the range high would highlight a bullish
reversal and open 0.8911, Apr 1 high and 0.8972, Mar 31 high. For now though the
cross remains within the range, initial support lies at 0.8759, yesterday's low.

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