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

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Need Close Above Gbp0.8767
*RES 4: Gbp0.8844 High May 4 
*RES 3: Gbp0.8807 100-DMA 
*RES 2: Gbp0.8798 Hourly resistance May 7 
*RES 1: Gbp0.8767 High May 9
*PRICE: Gbp0.8757 @ 0430GMT
*SUP 1: Gbp0.8725 Low May 9 
*SUP 2: Gbp0.8678 Low Apr 26 
*SUP 3: Gbp0.8664 Hourly breakout level Apr 18 
*SUP 4: Gbp0.8641 Hourly support Apr 18
*COMMENTARY: Losses have defined the week so far with the pair now flirting with
the 21-DMA (Gbp0.8746) and bears now focused on Gbp0.8664-78. Correcting O/B
studies remain the key concern for bulls and have weighed this week. In saying
that, bulls now need a close above Gbp0.8767 to gain breathing room and above
the 100-DMA to shift focus to Gbp0.8837-74 where the 55-WMA and 200-DMA are
noted.

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