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Bears Need Close Below 55-DMA...>

EURO-STERLING TECHS: Bears Need Close Below 55-DMA
*RES 4: Gbp0.8967 2018 High Mar 7 
*RES 3: Gbp0.8904 Low Mar 8 now resistance 
*RES 2: Gbp0.8877 200-DMA 
*RES 1: Gbp0.8841 Low Mar 14 now resistance
*PRICE: Gbp0.8828 @ 0430GMT
*SUP 1: Gbp0.8785 55-DMA 
*SUP 2: Gbp0.8752 Hourly support Apr 27 
*SUP 3: Gbp0.8738 21-DMA 
*SUP 4: Gbp0.8678 Low Apr 26
*COMMENTARY: Support now emerging on dips is a concern for bears with focus
currently on the 55-WMA (Gbp0.8830). Bulls need a close above Gbp0.8841 to
confirm a break and hint at a move back to 2018 highs with above the 200-DMA to
confirm. Daily studies lingering at O/B levels is a concern for bulls. In saying
that, bears now need a close below the 55-DMA to ease bullish pressure and below
the 21-DMA to shift focus back to Gbp0.8664-78.

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