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Capped at 0.90: *RES 4:.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Capped at 0.90:
*RES 4: 0.9108 High Jan 3 and major resistance
*RES 3: 0.9070 Trendline drawn off the Oct 7 2016 high
*RES 2: 0.9062 High Jan 11
*RES 1: 0.9051 High Jul 17
*PRICE: 0.8984 @ 15:22 GMT Jul 22
*SUP 1: 0.8954/56 Low Jul 8 / Low Jul 12 and key near-term support
*SUP 2: 0.8927/21 2% lower Bollinger band / Low Jul 2
*SUP 3: 0.8873 Low Jun 20
*SUP 4: 0.8830 Low Jun 6
Renewed sterling pressure countered last week's minor correction to lift the
cross back towards the 0.90 level. This would return EURGBP bulls focus to last
Wednesday's high of 0.9051 and the Jan 11 high and down trendline drawn off the
Oct 7, 2016 high at 0.9062/70. Key trend support remains at 0.8954/56, the low
of Jul 8 and12 and this support would need to hold to avoid a deeper correction.

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