Consolidates For Now *RES 3:....>

EURO-STERLING TECHS: Consolidates For Now

*RES 3: 0.8504 High Oct 10

*RES 2: 0.8459 High Feb 11

*RES 1: 0.8416 High Feb 20 and key near-term resistance

*PRICE: 0.8362 @ 16:31 GMT Feb 25

*SUP 1: 0.8282 Low Feb 18

*SUP 2: 0.8277 Low Dec 13 and major support

*SUP 3: 0.8251 Low Jul 14 2016

EURGBP traded slightly lower Tuesday but the technical picture remains

unchanged. The recent focus has been on the recovery off the Feb 18 low of

0.8282. To strengthen a bullish case, price needs to trade above last week's

0.8416 high. This would open 0.8504 and 0.8538. Until then, an underlying

bearish threat remains with the focus on the Dec low at 0.8277. Note, a break of

0.8277 would highlight a major bearish breakout of the broad range the cross has

been trading within since Oct 2016.