Bear Trigger Cracks *RES 4:.....>

EURO-STERLING TECHS: Bear Trigger Cracks

*RES 4: 0.8988 High Mar 30

*RES 3: 0.8911 High Apr 1

*RES 2: 0.8864/65 High Apr 21 / High Apr 7 and key near-term resistance

*RES 1: 0.8781 High Feb 23

*PRICE: 0.8692 @ 16:37 BST Apr 30

*SUP 1: 0.8673 Low Apr 30

*SUP 2: 0.8657 Low Mar 9

*SUP 3: 0.8621 Low Mar 5 and a key support

*SUP 4: 0.8592 76.6% retracement of the Feb - Mar rally

EURGBP inched through key support at 0.8682, Apr 14 low, Thursday. For the

bearish theme to be cemented, the cross needs to close below this mark to expose

0.8621 again, Mar 5 low. On the upside, key resistance remains 0.8865, Apr 7

high which represents a short-term hurdle for bulls. A break is required to

signal a reversal and open 0.8911, Apr 1 high and potentially beyond. Initial

resistance is at 0.8781.