Bullish Theme Resumes *RES 4:...>

EURO-STERLING TECHS: Bullish Theme Resumes

*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: 0.8966 @ 10:36 BST May 28

*SUP 1: 0.8881 Low May 26

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

*SUP 3: 0.8820 50-day EMA

*SUP 4: 0.8759 Low May 12

EURGBP bounced Wednesday and remains bullish. A positive outlook follows the May

15 break of 0.8865, Apr 7 high. This confirmed a 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. 0.8988, 38.2% of the March-April decline

was probed last week and again Wednesday, a clear break would open 0.9086, the

50.0% level. Firm support is 0.8881, May 26 low.