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

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Need Close Above 100-DMA
*RES 4: Gbp0.8854 55-WMA 
*RES 3: Gbp0.8851 200-DMA 
*RES 2: Gbp0.8793 100-DMA 
*RES 1: Gbp0.8750 Hourly resistance May 28
*PRICE: Gbp0.8727 @ 0430GMT
*SUP 1: Gbp0.8710 Low May 17 
*SUP 2: Gbp0.8708 Bollinger band base 
*SUP 3: Gbp0.8678 Low Apr 26 
*SUP 4: Gbp0.8664 Hourly breakout level Apr 18
*COMMENTARY: Bears take comfort in the 100-DMA capping attempts top break
higher. Bulls continue to look for a close above the 100-DMA to return initial
pressure to Gbp0.8851-0.8904 where the 55-WMA & 200-DMA are located. Bears take
comfort in Monday's sell-off but continue to look for a close below Gbp0.8710 to
shift overall focus to retests of 2018 lows with a close below Gbp0.8664 then
needed to confirm.

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