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Breaches Key Trendline..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Breaches Key Trendline Resistance
*RES 4: 0.8658 High Nov 7
*RES 3: 0.8605 High Nov 22
*RES 2: 0.8592 High Dec 23 and bull trigger
*RES 1: 0.8582 Intraday high
*PRICE: 0.8580 @ 16:16 GMT Jan 13
*SUP 1: 0.8522 Intraday low
*SUP 2: 0.8452 Low Dec 31 and near-term bear trigger
*SUP 3: 0.8356 Low Dec 17
*SUP 4: 0.8277 Low Dec 13 and key support
EURGBP is bullish and has further reinforced this condition following Monday's
break of key trendline resistance at 0.8544. The trendline is drawn off the Aug
12 high and the break represents a key bullish technical development plus
signals a trend reversal. Furthermore, the breach signals an extension of the
uptrend that started off the Dec 13 low. The focus is on 0.8592 initially, the
Dec 23 high and 0.8605, Nov 22 high. Support is at 0.8522.

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