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Bear Channel Top Now Key *RES...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bear Channel Top Now Key
*RES 4: Gbp0.8876 Daily Bear channel top 
*RES 3: Gbp0.8856 100-DMA 
*RES 2: Gbp0.8848 200-DMA 
*RES 1: Gbp0.8829 21-DMA
*PRICE: Gbp0.8811 @ 0530GMT
*SUP 1: Gbp0.8790 Hourly support Jan 29 
*SUP 2: Gbp0.8754 Hourly support Jan 26 
*SUP 3: Gbp0.8719 Hourly support Jan 25 
*SUP 4: Gbp0.8685 2018 Low Jan 25
*COMMENTARY: Fresh 2018 & 8mth lows lacked follow through Thursday with the
Bollinger base noted at Gbp0.8725. The recovery has resulted in an easing of
bearish pressure and immediate focus back on key DMAs and the bear channel top.
Bulls now need a close above the bear channel top to end bearish hopes and shift
focus to layers of resistance Gbp0.8928-0.9048. Bears now need a close below
Gbp0.8754 to shift focus back to Gbp0.8685-0.8719 where 2018 lows are noted.

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