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Bulls Need Close Above 55-WMA...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Need Close Above 55-WMA
*RES 4: Gbp0.8880 200-DMA 
*RES 3: Gbp0.8830 55-WMA 
*RES 2: Gbp0.8816 21-WMA 
*RES 1: Gbp0.8810 100-DMA
*PRICE: Gbp0.8799 @ 0430GMT
*SUP 1: Gbp0.8790 55-DMA 
*SUP 2: Gbp0.8752 Hourly support Apr 27 
*SUP 3: Gbp0.8723 21-DMA 
*SUP 4: Gbp0.8678 Low Apr 26
*COMMENTARY: The sell-off was negated by an aggressive rally and bullish close
that returned pressure to Gbp0.8810-30 where key DMA and WMAs are situated.
Bulls now need a close above the 55-WMA to shift initial focus to the 200-DMA
and overall focus to Gbp0.8967-81. The Bollinger top (Gbp0.8812) is seen as a
concern. Bears now need a close below the 55-DMA to gain breathing room and
below the 21-DMA to shift focus back to Gbp0.8664-78.

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