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Bearish Focus Still In Place....>

EURO-STERLING TECHS: Bearish Focus Still In Place
*RES 4: 0.8605 High Nov 22 and key near-term resistance
*RES 3: 0.8575 High Dec 2 and initial key resistance
*RES 2: 0.8531 High Dec 4
*RES 1: 0.8468 High Dec 6
*PRICE: 0.8431 @ 05:51 GMT Dec 12
*SUP 1: 0.8393 Low Dec 9
*SUP 2: 0.8384 Low May 10 and a key support
*SUP 3: 0.8355 1.236 projection of Aug 12 - Sep 20 sell-off from Oct 10 high
*SUP 4: 0.8314 Low Apr 18, 2017
EURGBP remains in a downtrend managing a fresh trend low on Monday at 0.8393.
Price action maintains a bearish sequence of lower lows and lower highs and the
fact that corrective gains continue to lack any depth and remain shallow
reinforces the underlying bearish conditions. The recent break of 0.8473, Mar 13
low opens 0.8384 next, a level last traded in May 2017. The initial key
resistance is at 0.8575, Dec 2 high. First resistance though is 0.8468.

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