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

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Need Close Above Gbp0.8782
*RES 4: Gbp0.8866 200-DMA 
*RES 3: Gbp0.8844 High May 4 
*RES 2: Gbp0.8782 High May 16 
*RES 1: Gbp0.8760 Hourly resistance May 17
*PRICE: Gbp0.8746 @ 0930GMT
*SUP 1: Gbp0.8710 Low May 17 
*SUP 2: Gbp0.8678 Low Apr 26 
*SUP 3: Gbp0.8664 Hourly breakout level Apr 18 
*SUP 4: Gbp0.8618 2018 Low Apr 17
*COMMENTARY: Hesitation ahead of Gbp0.8844-0.8904 where the 200-DMA is noted has
resulted in closes back below the 55-DMA and dips below Gbp0.8725 with immediate
focus now on Gbp0.8664-78. Below Gbp0.8664 confirms focus on tests of 2018 lows.
Daily studies are well placed for a fresh leg lower. The Gbp0.8782 resistance is
key today. Bulls need a close above Gbp0.8782 to return pressure to
Gbp0.8844-0.8904.

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