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Cracks key trendline support:...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Cracks key trendline support:
*RES 4: 0.9276 High Aug 14
*RES 3: 0.9184/9207 High Aug 22 / Low Aug 8
*RES 2: 0.9131 Key resistance
*RES 1: 0.9109 Aug 26 high
*PRICE: 0.9024 @ 04:13 GMT Aug 28
*SUP 1: 0.9016 Low Aug 27
*SUP 2: 0.9006/00 38.2% retrace of May 6 - Aug 12 rally / Round number support
*SUP 3: 0.8946 Low Jul 26
*SUP 4: 0.8908/8892 50% retrace of May 6 - Aug 12 rally / Low Jul 25
EURGBP took out key trendline support and the 50-dma at the 0.9051/0.9053 levels
Tuesday, tilting the near-term outlook more solidly bearish. This opens 0.9000
and the late July lows of 0.8946 / 0.8892. To strengthen the case for bulls, the
cross needs to clear resistance at 0.9109, the Aug 26 high and 0.9031. This
would warn of a false breakout of the trendline and open 0.9184 and the 0.9200
level. For now though, the cross is likely to push lower.

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