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Bullish Theme Strengthens.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bullish Theme Strengthens
*RES 4: 0.8676 High Oct 24
*RES 3: 0.8596 High Jan 14 and bull trigger
*RES 2: 0.8545 2.0% 10-dma envelope
*RES 1: 0.8535 High Feb 28
*PRICE: 0.8523 @ 17:02 GMT Feb 27
*SUP 1: 0.8430 Low Feb 27
*SUP 2: 0.8339 Low Feb 25
*SUP 3: 0.8282 Low Feb 18
*SUP 4: 0.8277 Low Dec 13 and major support
The short-term technical picture in EURGBP has improved. The cross Wednesday
cleared resistance at 0.8416, the Feb 20 high. This reinforces the short-term
bullish significance of the recent recovery off the Feb 18 low of 0.8282.
Yesterday's rally further reinforces the developing bullish tone. The move
higher opens envelope resistance at 0.8545 and 0.8596. The latter is the Feb 14
high and a key resistance. Initial support is at yesterday's low of 0.8430.

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