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

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Need Close Above Gbp0.8968
*RES 4: Gbp0.9022 High Oct 20 
*RES 3: Gbp0.8992 Bollinger band top 
*RES 2: Gbp0.8968 High Nov 16 
*RES 1: Gbp0.8965 Daily Bear channel top
*PRICE: Gbp0.8933 @ 0530GMT
*SUP 1: Gbp0.8924 Hourly resistance Nov 24 now support 
*SUP 2: Gbp0.8892 Hourly support Nov 23 
*SUP 3: Gbp0.8854 Low Nov 22 
*SUP 4: Gbp0.8837 Low Nov 13
*COMMENTARY: The lack of follow through above the 100-DMA (Gbp0.8956) saw the
pair capped ahead of the daily bear channel top. Bulls now need a close above
Gbp0.8968 to confirm breaks of the channel top and 100-DMA with focus shifting
to Gbp0.9022-48. The Gbp0.8924 support remains key with bears needing a close
below to ease pressure on the channel top and shift immediate focus to
Gbp0.8837.

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