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

EURO-STERLING TECHS: Bulls Need Close Above 100-DMA
*RES 4: Gbp0.9107 Low Sept 8 now resistance 
*RES 3: Gbp0.9048 Low Aug 15 now resistance 
*RES 2: Gbp0.8981 High Nov 28 
*RES 1: Gbp0.8917 100-DMA
*PRICE: Gbp0.8899 @ 0530GMT
*SUP 1: Gbp0.8853 21-DMA 
*SUP 2: Gbp0.8826 Low Dec 20 
*SUP 3: Gbp0.8780 Hourly support Dec 15 
*SUP 4: Gbp0.8759 Lows Dec 14 & 15
*COMMENTARY: The 100-DMA confirmed significance with the pair capped and
rejected aggressively ahead of this level, resulting in a dip back to the
21-DMA. Bears need a close below the 21-DMA to confirm an easing of bullish
pressure and below Gbp0.8826 to shift initial focus back to Gbp0.8690-0.8759.
Correcting O/B studies add weight to the bearish case. Bulls still need a close
above the 100-DMA to confirm initial focus on Gbp0.8981-0.9048.

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