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Back above 0.90: *RES 4:........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Back above 0.90:
*RES 4: 0.9108 High Jan 3 and major resistance
*RES 3: 0.9070 Trendline drawn off the Oct 7 2016 high
*RES 2: 0.9062 High Jan 11
*RES 1: 0.9051 High Jul 17
*PRICE: 0.8996 @ 08:36 GMT Jul 23
*SUP 1: 0.8954/56 Low Jul 8 / Low Jul 12 and key near-term support
*SUP 2: 0.8930/27 Low Jul 2 / 2% lower Bollinger band
*SUP 3: 0.8873 Low Jun 20
*SUP 4: 0.8830 Low Jun 6
Renewed sterling pressure countered last week's minor correction in EURGBP to
lift the cross back through 0.90, a level that has so far proved hard to
overcome. Consolidation above would encourage bulls to resume their focus on
last Wednesday's high of 0.9051 and the Jan 11 high and down trendline drawn off
the Oct 7, 2016 high at 0.9062/70. Key trend support remains at 0.8954/56, the
low of Jul 8 and12 and this support needs to hold to avoid a deeper correction.

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