Bullish Focus Holds *RES 4:.....>

EURO-STERLING TECHS: Bullish Focus Holds

*RES 4: 0.9187 61.8% Fibonacci retracement of the Mar - Apr decline

*RES 3: 0.9086 50.0% Fibonacci retracement of the Mar - Apr decline

*RES 2: 0.9057 Double bottom projection

*RES 1: 0.8988/9000 38.2% of the Mar - Apr decline / High May 21

*PRICE: 0.8940 @ 05:50 BST May 25

*SUP 1: 0.8894 High May 18 low

*SUP 2: 0.8826 Low May 14 and key near-term support

*SUP 3: 0.8805 50-day EMA

*SUP 4: 0.8759 Low May 12

EURGBP is bullish following the May 15 break of 0.8865, Apr 7 high. This

confirmed a clear range breakout. Furthermore, the move through 0.8864, Apr 21

high confirmed a double bottom formation and a reversal of the decline since Mar

19. Subsequent gains have also reinforced these positive developments. 0.8988,

38.2% of the March-April decline was probed last week, a clear break would open

0.9086, the 50.0% level. Support lies at 0.8894, May 18 low.