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Consolidating Trend: *RES 4:....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Consolidating Trend:
*RES 4: 0.9453 1.00 progression of May 6-Jul 17 rally off Jul 25 low
*RES 3: 0.9415 High Oct 2016
*RES 2: 0.9400 Psychological level
*RES 1: 0.9325 High Aug 12
*PRICE: 0.9271 @ 08:39 GMT Aug 13
*SUP 1: 0.9215/89 200-hma / Low Aug 7
*SUP 2: 0.9126 Low Aug 2
*SUP 3: 0.9089 Low Jul 31
EURGBP remains in a consolidation phase as bulls take a pause. The underlying
tone holds firm with technical indicators continuing to display outright bullish
conditions following yesterday's fresh trend high. The focus is on the Oct 2016
high of 0.9415. Clearance of this level would open the 0.9500 psychological
level. On the downside, initial support lies at 0.9215, the 200-hma. A break
would signal scope for a deeper correction, perhaps down to 0.9051, the former
bull trigger.

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