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

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Need Close Above Gbp0.8782
*RES 4: Gbp0.8863 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: Bears take comfort in the pair consolidating below the 55-DMA
(Gbp0.8769) once more with bears now needing a close below Gbp0.8710 to add
weight to the case for a retest of 2018 lows. Bulls continue to look for a close
above Gbp0.8782 to confirm a break above the 55-DMA and to return pressure to
Gbp0.8844-0.8904 where the 200-DMA is located. Daily studies have room to move
before O/S is an issue.

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