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Bearish Harami: *RES 4:.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bearish Harami:
*RES 4: 0.9092 High Jan 3 and major resistance
*RES 3: 0.9061 High Jan 11
*RES 2: 0.9000 Psychological round number
*RES 1: 0.8974 High Jun 18
*PRICE: 0.8878 @ 19:05 GMT June 19
*SUP 1: 0.8871 Low May 12
*SUP 2: 0.8861 20-day EMA
*SUP 3: 0.8827 Low Jun 6
*SUP 4: 0.8781 200-DMA
Following the bearish harami candle pattern printed Monday/Tuesday this week,
EUR/GBP bears managed to press the cross through uptrendline support and a weak
close could prove pivotal for the cross. This opens support at the 0.8871 level
and the 20-day EMA below at 0.8861. For now, bulls target 0.9000, but a recovery
back above the (now broken) trendline at 0.8903 is needed to repair the outlook.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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