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Below 21-DMA Targets............>

EURO-STERLING TECHS: Below 21-DMA Targets Gbp0.8727-57
*RES 4: Gbp0.9033 High Oct 12 
*RES 3: Gbp0.9002 55-DMA 
*RES 2: Gbp0.8975 High Oct 24 
*RES 1: Gbp0.8967 Hourly resistance Oct 25
*PRICE: Gbp0.8950 @ 0430GMT
*SUP 1: Gbp0.8940 Hourly resistance Oct 20 now support 
*SUP 2: Gbp0.8919 Hourly support Oct 24 
*SUP 3: Gbp0.8904 21-DMA 
*SUP 4: Gbp0.8856 Low Oct 16
*COMMENTARY: The 21-DMA has confirmed significance so far this week with bears
continuing to look for a close below to hint at a move back to Gbp0.8727-57
where the 200-DMA & 55-WMA are situated with below Gbp0.8856 confirming. The
Gbp0.9002-48 resistance region remains key. Bulls still need a close above
Gbp0.9048 to end bearish hopes and shift focus to Gbp0.9107-0.9202.

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