Clears Key Near-Term Supports...>

EURO-STERLING TECHS: Clears Key Near-Term Supports

*RES 4: 0.9240 High Mar 26

*RES 3: 0.9184 61.8% Fibonacci retracement of the Mar - Apr decline

*RES 2: 0.9176 High Jun 29 and the bull trigger

*RES 1: 0.9068 High Jul 7

*PRICE: 0.9002 @ 17:11 BST Jul 8

*SUP 1: 0.8967 Low Jul 7

*SUP 2: 0.8950 Low Jun 18

*SUP 3: 0.8931/12 50-dma / Low Jun 16

*SUP 4: 0.8883 Low Jun 10

Having stalled at 0.9176 on Jun 29, the subsequent pullback in EURGBP has now

cleared 0.9001, Jun 25 low and the 0.9000 handle to touch fresh multi-week lows

and reinstate a bearish threat. The cross has also breached a trendline support

drawn off the May 11 low that intersected at 0.8993 Tuesday, reinforcing the

developing bearish condition. The 50-dma at 0.8931 marks the next primary

downside target. Resistance is at 0.9068, Jul 7 high.