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Defies Gravity *RES 4: 0.9184...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Defies Gravity
*RES 4: 0.9184 High Aug 20 2019
*RES 3: 0.9149 High Sep 3 2019
*RES 2: 0.9086 High Sep 4
*RES 1: 0.9020 High Oct 10
*PRICE: 0.9006 @ 18:38 GMT Mar 13
*SUP 1: 0.8774 Low Mar 12
*SUP 2: 0.8681 Low Mar 10
*SUP 3: 0.8621 Low Mar 5 and key support
*SUP 4: 0.8595 Low Mar 2, also a key support
EURGBP extended gains once again Friday and maintains a clear bullish theme. The
late Feb-early Mar break higher through 0.8596, Jan 14 high confirmed an
important swing in price that signalled a potential reversal. The cross early
Mar held above this breakout level, a positive development and the subsequent
rally confirms the bullish theme. Trend conditions are in overbought territory
but not proving to be a threat to bulls. The focus is on 0.9020 next.

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