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Bears Focused On 200-DMA *RES...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bears Focused On 200-DMA
*RES 4: Gbp0.8981 Low Sept 12 now resistance
*RES 3: Gbp0.8920 Hourly resistance Sept 14
*RES 2: Gbp0.8907 High Sept 15
*RES 1: Gbp0.8867 Low Sept 14 now resistance
*PRICE: Gbp0.8856 @ 0430GMT
*SUP 1: Gbp0.8844 Hourly support Sept 18 
*SUP 2: Gbp0.8809 Hourly support Sept 18a 
*SUP 3: Gbp0.8775 Low Sept 15 
*SUP 4: Gbp0.8739 Monthly Low July 14
*COMMENTARY: Daily studies are now looking to correct from very O/S levels and
increase the risk of a correction. Bulls continue to look for a close above
Gbp0.8867 to ease immediate bearish pressure and above Gbp0.8920 to shift focus
back to the 55-DMA (Gbp0.9015). Support layers are building with bears now
needing a close below Gbp0.8844 to ease pressure on initial resistance and
retain bearish focus on tests of the 200-DMA (Gbp0.8706).

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