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Aug 2016 highs in view: *RES 4:.......>

EURO-STERLING
EURO-STERLING: Aug 2016 highs in view:
*RES 4: 0.9500 Psychological level
*RES 3: 0.9415 High Oct 2016
*RES 2: 0.9400 Psychological level
*RES 1: 0.9325 Intraday high
*PRICE: 0.9315 @ 04:50 GMT Aug 12
*SUP 1: 0.9189/94 Low Aug 7/200-hma
*SUP 2: 0.9126 Low Aug 2
*SUP 3: 0.9089 Low Jul 31
*SUP 4: 0.9051 High Jul 17 and former bull trigger
EURGBP rallied through 0.9300 Friday and has extended the upside in Asia. The
underlying bullish tone holds firm with technical and momentum indicators
displaying outright bullish conditions. The focus is now on the Oct 2016 high of
0.9415. Clearance of this level would open the 0.9500 psychological level. On
the downside, initial support lies at 0.9194, the 200-hma. A break would open
0.9051, the former bull trigger.

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