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Bearish conditions still........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bearish conditions still prevail:
*RES 4: 0.8975 High Sep 13
*RES 3: 0.8973 Channel resistance drawn off Aug 12 high
*RES 2: 0.8902 High Sep 16
*RES 1: 0.8894 High Sep 19
*PRICE: 0.8858 @ 15:35 GMT Sep 25
*SUP 1: 0.8787 Low Sep 19 and bear trigger
*SUP 2: 0.8772 Low May 22
*SUP 3: 0.8725 Low Jun 21
*SUP 4: 0.8687 76.4% retracement 0.8490 - 0.9325
Bearish conditions still prevail in EURGBP. The 0.8809 objective, 61.8%
Fibonacci retracement has been achieved and attention is on 0.8772 and 0.8725,
May 22 and 21 lows respectively. These mark the next objectives. Momentum and
moving average studies continue to point south highlighting the current bearish
theme. On the upside, resistance is located at 0.8894, Sep 19 high. Bear channel
resistance is at 0.8973.

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