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Bullish Above 0.8416 *RES 4:....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bullish Above 0.8416
*RES 4: 0.8538 High Feb 4 and a key resistance
*RES 3: 0.8504 High Oct 10
*RES 2: 0.8459 High Feb 11
*RES 1: 0.8434 High Feb 26
*PRICE: 0.8422 @ 16:51 GMT Feb 26
*SUP 1: 0.8282 Low Feb 18
*SUP 2: 0.8277 Low Dec 13 and major support
*SUP 3: 0.8251 Low Jul 14 2016
*SUP 4: 0.8176 50% 2015 - 2016 rally
The technical picture in EURGBP improved slightly Wednesday. Attention is on the
recovery off the Feb 18 low of 0.8282 and Wednesday's move above last week's
0.8416 high. This opens 0.8504 and 0.8538. Until then, an underlying bearish
threat remains with key support at the Dec low at 0.8277. Note, a break of
0.8277 would highlight a major bearish breakout of the broad range the cross has
been trading within since Oct 2016.

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