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Bullish Focus *RES 4: 0.9020....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bullish Focus
*RES 4: 0.9020 High Oct 10
*RES 3: 0.8900 Round number resistance
*RES 2: 0.8869 High Oct 11
*RES 1: 0.8848 High Mar 11
*PRICE: 0.8835 @ 09:40 GMT Mar 12
*SUP 1: 0.8681 Low Mar 10
*SUP 2: 0.8621 Low Mar 5 and key support
*SUP 3: 0.8595 Low Mar 2, also a key support
*SUP 4: 0.8522 Low Feb 28
EURGBP registered a new high print at 0.8781 Wednesday. Gains in early March
resulted in the break of 0.8596, Jan 14 high confirming an important swing in
price that also signals a potential M/T reversal. The cross last week held above
this breakout level, a positive development and the underlying trend remains up.
Trend conditions are in overbought territory but this is not proving to be a
threat to bulls just yet. The focus is on the 0.8900 handle next.

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