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Bulls Strengthen Their Hold.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Strengthen Their Hold
*RES 4: 0.8787 Low Sep 20
*RES 3: 0.8751 High Oct 15
*RES 2: 0.8676 High Oct 24
*RES 1: 0.8596 High Jan 14 and bull trigger
*PRICE: 0.8556 @ 10:36 GMT Feb 28
*SUP 1: 0.8430 Low Feb 27
*SUP 2: 0.8339 Low Feb 25
*SUP 3: 0.8282 Low Feb 18
*SUP 4: 0.8277 Low Dec 13 and major support
The short-term technical picture in EURGBP has improved. The cross Wednesday
cleared resistance at 0.8416, the Feb 20 high. This reinforces the short-term
bullish significance of the recent recovery off the Feb 18 low of 0.8282.
Yesterday's rally and today's gains further reinforce the developing bullish
tone. The move higher has opened 0.8596 next, the Feb 14 high and also a key
resistance. Initial support is at yesterday's low of 0.8430.

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