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Bulls Need Close Above 55-WMA...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Need Close Above 55-WMA
*RES 4: Gbp0.8967 2018 High Mar 7 
*RES 3: Gbp0.8904 Low Mar 8 now resistance 
*RES 2: Gbp0.8878 200-DMA 
*RES 1: Gbp0.8830 55-WMA
*PRICE: Gbp0.8818 @ 0430GMT
*SUP 1: Gbp0.8752 Hourly support Apr 27 
*SUP 2: Gbp0.8729 21-DMA 
*SUP 3: Gbp0.8678 Low Apr 26 
*SUP 4: Gbp0.8664 Hourly breakout level Apr 18
*COMMENTARY: Support now emerging on dips is a concern for bears with focus
currently on the 55-WMA. Bulls need a close above the 55-WMA to hint at a move
back to 2018 highs with above the 200-DMA to confirm. Daily studies lingering at
O/B levels is a concern for bulls. In saying that, bears now need a close below
Gbp0.8752 to ease bullish pressure and below the 21-DMA to shift focus back to
Gbp0.8664-78.

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