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Bulls meet a hurdle: *RES 4:....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls meet a hurdle:
*RES 4: 0.9415 High Oct 2016
*RES 3: 0.9307 Aug 29 2017 High
*RES 2: 0.9226 High week ending Sep 8, 2017
*RES 1: 0.9190 High Jul 30
*PRICE: 0.9106 @ 19:44 GMT Jul 31
*SUP 1: 0.9089 Low Jul 31
*SUP 2: 0.9051 High Jul 17 and Monday's bull trigger
*SUP 3: 0.8977 Low Jul 29
*SUP 4: 0.8946 Low Jul 26
EURGBP lost some lustre Wednesday thanks to a minor recovery in GBP, but the
pullback is still far too shallow to alter the wider technical picture. As such,
bulls remain on the front foot, but this argument would weaken on a fall south
of 0.9050. Bulls retain upside targets at 0.9226 and 0.9307.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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