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Bears Need Close Below 21-DMA...>

EURO-STERLING TECHS: Bears Need Close Below 21-DMA
*RES 4: Gbp0.9013 55-DMA
*RES 3: Gbp0.8992 High Oct 6
*RES 2: Gbp0.8969 Hourly sup[port Oct 9 now resistance
*RES 1: Gbp0.8954 High Oct 10
*PRICE: Gbp0.8943 @ 0430GMT
*SUP 1: Gbp0.8925 Low Oct 10 
*SUP 2: Gbp0.8906 Low Oct 9 
*SUP 3: Gbp0.8886 High Sept 22 now support 
*SUP 4: Gbp0.8861 21-DMA
*COMMENTARY: Bulls have so far failed to capitalise on the close above Gbp0.8920
with the Gbp0.8992-0.9045 resistance key. Bulls need a close above Gbp0.9045 to
confirm a break of the 55-DMA, hint at a move back to Gbp0.8213-0.9306 and above
Gbp0.9107 to confirm. Layers of support remain with bears now needing a close
below the 21-DMA (Gbp0.8861) to end bullish hopes and shift focus back to
Gbp0.8717-57 where the 200-DMA & 55-WMA are found.

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