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Bulls Tighten Their Grip *RES...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Tighten Their Grip
*RES 4: 0.9086 High Sep 4
*RES 3: 0.9020 High Oct 10
*RES 2: 0.9000 Round number resistance
*RES 1: 0.8940 Intraday high
*PRICE: 0.8925 @ 05:52 GMT Mar 13
*SUP 1: 0.8774 Low Mar 12
*SUP 2: 0.8681 Low Mar 10
*SUP 3: 0.8621 Low Mar 5 and key support
*SUP 4: 0.8595 Low Mar 2, also a key support
EURGBP registered a new high print at 0.8914 Thursday and is firmer again today.
The late Feb-early Mar break higher through 0.8596, Jan 14 high confirmed an
important swing in price that signalled a potential reversal. The cross last
week held above this breakout level, a positive development and the subsequent
rally confirms a bullish theme. Trend conditions are in overbought territory but
not proving to be a threat to bulls just yet. The focus is on 0.9020 next.

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