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Bears Need Close Below..........>

EURO-STERLING TECHS: Bears Need Close Below Gbp0.8988
*RES 4: Gbp0.9194 Daily Bull channel top
*RES 3: Gbp0.9141 High Oct 11
*RES 2: Gbp0.9124 Bollinger band top
*RES 1: Gbp0.9088 2017 High Aug 8
*PRICE: Gbp0.9061 @ 0430GMT
*SUP 1: Gbp0.9043 Hourly support Aug 10 
*SUP 2: Gbp0.9008 Low Aug 10 
*SUP 3: Gbp0.8994 High July 21 now support 
*SUP 4: Gbp0.8988 High Aug 2 now support
*COMMENTARY: Hesitation ahead of recent 2017 & 10mth highs remains a concern for
bulls given daily studies looking to correct from O/B and daily momentum
divergence. In saying that, the Gbp0.8988 support remains key. Bears need a
close below Gbp0.8988 to shift focus back to Gbp0.8922-55 where the 21-DMA is
noted. Bulls continue to look for a close above Gbp0.9088 to retain focus on
Gbp0.9141-94 where the bull channel top is noted.

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