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

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Need Close Above Gbp0.8690
*RES 4: Gbp0.8749 Hourly resistance Apr 6 
*RES 3: Gbp0.8729 21-DMA 
*RES 2: Gbp0.8690 Low Apr 10 now resistance 
*RES 1: Gbp0.8679 100-WMA
*PRICE: Gbp0.8650 @ 0430GMT
*SUP 1: Gbp0.8625 2018 Low Apr 13 
*SUP 2: Gbp0.8599 Low May 24 2017 
*SUP 3: Gbp0.8515 High May 15 2017 now support 
*SUP 4: Gbp0.8380 Monthly Low May 10 2017
*COMMENTARY: The marginal weekly close below the 100-WMA adds weight to the
bearish case for a move now initially targeting Gbp0.8380-0.8515 with below
Gbp0.8380 to confirm focus on Gbp0.8313 2017 lows. Bulls now need a close above
Gbp0.8690 to gain breathing room and above Gbp0.8749 to confirm a break of the
21-DMA and to return focus to Gbp0.8797-0.8819 where 55 & 100-DMAs are located.

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