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At risk of bullish breakout:....>

EURO-STERLING TECHS
EURO-STERLING TECHS: At risk of bullish breakout:
*RES 4: 0.9015 High Sep 9
*RES 3: 0.8975 High Sep 13
*RES 2: 0.8970 100-dma
*RES 1: 0.8937 Intraday High
*PRICE: 0.8930 @ 16:02 GMT Oct 1
*SUP 1: 0.8832 Low Sep 30
*SUP 2: 0.8803 Low Sep 25
*SUP 3: 0.8787 Low Sep 19 and bear trigger
*SUP 4: 0.8772 Low May 22
The cross finally broke above bear channel resistance at 0.8929 Tuesday and a
close above would raise the risk of a bullish breakout. Near-term, the pair
needs to hold at current levels to build a base and mount any test on the 0.8970
100-dma. To the downside, a resumption of the underlying bearish trend could
follow a return to the recent low at 0.8787.

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