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Capped at 0.9000 for now:.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Capped at 0.9000 for now:
*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: 0.8985 @ 04:23 GMT Jul 23
*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 in EURGBP to
lift the cross back towards the 0.90 level yesterday. A move above 0.9000 would
encourage bulls to resume their focus on 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
needs to hold to avoid a deeper correction.

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