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Bulls In Driving Seat *RES 3:...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls In Driving Seat
*RES 3: 0.8751 High Oct 15
*RES 2: 0.8676 High Oct 24
*RES 1: 0.8623 High Feb 28
*PRICE: 0.8608 @ 17:00 GMT Feb 28
*SUP 1: 0.8430 Low Feb 27
*SUP 2: 0.8339 Low Feb 25
*SUP 3: 0.8282 Low Feb 18
Bulls are well and truly in the driving in the cross, with the break above the
near-term bull trigger buoying prices further. 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. Thursday's
rally and Friday's sharp gains further reinforce the developing bullish tone.
0.8676 marks the next key resistance. Initial support is at Thursday's low of
0.8430.

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