Breaks Lower *RES 4: 0.9240.....>

EURO-STERLING TECHS: Breaks Lower

*RES 4: 0.9240 High Mar 26

*RES 3: 0.9184 61.8% Fibonacci retracement of the Mar - Apr decline

*RES 2: 0.9176 High Jun 29 and the bull trigger

*RES 1: 0.9068 High Jul 7

*PRICE: 0.8954 @ 17:10 BST Jul 9

*SUP 1: 0.8946 Low Jul 09

*SUP 2: 0.8936/12 50-dma / Low Jun 16

*SUP 3: 0.8883 Low Jun 10

*SUP 4: 0.8964 Low Jun 9

EURGBP edges lower. The cross maintains a bearish stance having recently cleared

0.9001, Jun 25 low and the 0.9000 handle to touch fresh multi-week lows and

reinstate a bearish threat. The cross has also breached a trendline support

drawn off the May 11 low that intersected at 0.8993 Tuesday, reinforcing the

developing bearish condition. The 50-dma at 0.8936 marks the next primary

downside target. Resistance has been defined at 0.9068, Jul 7 high.