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Bulls Need Close Above 55-WMA...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Need Close Above 55-WMA
*RES 4: Gbp0.8841 Low Mar 14 now resistance 
*RES 3: Gbp0.8823 55-WMA 
*RES 2: Gbp0.8812 100-DMA 
*RES 1: Gbp0.8797 High Mar 27
*PRICE: Gbp0.8753 @ 0430GMT
*SUP 1: Gbp0.8733 Low Apr 20 
*SUP 2: Gbp0.8725 21-DMA 
*SUP 3: Gbp0.8686 Low Apr 19 
*SUP 4: Gbp0.8664 Hourly breakout level Apr 18
*COMMENTARY: O/S daily studies and Bolli base (Gbp0.8642) limiting follow
through impacted with an aggressive correction that sees focus return to
Gbp0.8797-0.8823 where 55 & 100-DMAs & the 55-WMA are located. A close above the
55-WMA hints at a move back to Gbp0.8874-0.8904 with the 200-DMA at Gbp0.8884.
Bears continue to look for a close below the 21-DMA to ease bullish pressure and
below Gbp0.8664 to return focus to Gbp0.8380-0.8515.

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