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

EURO-STERLING TECHS: Bulls Need Close Above Gbp0.8749
*RES 4: Gbp0.8810 55-DMA 
*RES 3: Gbp0.8797 High Mar 27 
*RES 2: Gbp0.8749 Hourly resistance Apr 6 
*RES 1: Gbp0.8748 21-DMA
*PRICE: Gbp0.8716 @ 0430GMT
*SUP 1: Gbp0.8690 Low Apr 10 
*SUP 2: Gbp0.8671 100-WMA 
*SUP 3: Gbp0.8667 2018 Low Mar 22 
*SUP 4: Gbp0.8599 Low May 24 2017
*COMMENTARY: The recovery from 2018 lows was capped ahead of key DMAs and focus
back on Gbp0.8667-71 where the 100-WMA is noted. A close below the 100-WMA was
last seen in Jan 2016. Bears need a close below 2018 lows to confirm a break and
target Gbp0.8313. While the 100-WMA supports bulls target 2018 highs but need a
close above Gbp0.8749 to gain breathing room and above the 100-DMA to add
support to their case and shift initial focus to Gbp0.8874-0.8904.

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