Defines A S/T Base *RES 4:......>

EURO-STERLING TECHS: Defines A S/T Base

*RES 4: 0.9184 61.8% Fibonacci retracement of the Mar - Apr decline

*RES 3: 0.9176 High Jun 29 and the bull trigger

*RES 2: 0.9145 High Jun 30

*RES 1: 0.9138 High Jul 20

*PRICE: 0.9105 @ 16:43 BST Jul 23

*SUP 1: 0.9001 Low Jul 21 and key near-term support

*SUP 2: 0.8981 50-day EMA

*SUP 3: 0.8938 Low Jul 10 and the key near-term support

*SUP 4: 0.8912 Low Jun 16

EURGBP found support Tuesday and has defined a S/T base at 0.9001, Jul 21 low.

The outlook remains bullish and the recent pullback is considered a correction.

Recent Japanese candle patterns highlighted a reversal. Activity Jun 13, was a

bullish engulfing and followed a doji candle on Jun 10. Together they signalled

a reversal off 0.8938, Jun 10 low. The focus is on 0.9145, Jun 30 high and

0.9176, Jun 29 high. A break of 0.9001 would concern bulls.