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Bulls Need Close Above..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Need Close Above Channel Top
*RES 4: Gbp0.9022 High Oct 20 
*RES 3: Gbp0.8975 Daily Bear channel top, Bollinger top 
*RES 2: Gbp0.8968 High Now 16 
*RES 1: Gbp0.8953 100-DMA
*PRICE: Gbp0.8908 @ 1030GMT
*SUP 1: Gbp0.8892 Hourly support Nov 23 
*SUP 2: Gbp0.8854 Low Nov 22 
*SUP 3: Gbp0.8837 Low Nov 13 
*SUP 4: Gbp0.8789 Low Nov 7
*COMMENTARY: Bulls take comfort in the sequence of higher daily highs and lows
with focus having returned to the Gbp0.8953-75 region where the bear channel
top, Bollinger top and 100-DMA are situated. Bulls need a close above Gbp0.8975
to ease bearish pressure and shift initial focus to Gbp0.9022-48. Initial
support is noted at Gbp0.8892 with a close below to ease immediate bullish
pressure and below Gbp0.8837 to return pressure to Gbp0.8718-89.

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