Down but not out: *RES 3:.......>

EURO-STERLING TECHS: Down but not out:

*RES 3: 0.9061 High Jan 11

*RES 2: 0.9000 Psychological round number

*RES 1: 0.8984 High Jan 15

*PRICE: 0.8924 @ 16:52 GMT June 18

*SUP 1: 0.8896 Trendline support drawn off May 21 low

*SUP 2: 0.8871 Low May 12

*SUP 3: 0.8861 20-day EMA

Draghi's dovish tones left a mark Tuesday, with EURGBP looking to close back

below 0.8950, but call for a bearish reversal look premature for now. The

broader themes remain intact, but the outlook will worsen on a break below

trendline support at 0.8896. A resumption of the current bull trend extends the

price sequence of higher highs and higher lows. Bulls now have their sights on

the 0.9000 level. The cross is also approaching the next major resistance at

0.8992, the Jan 3 high and 0.9098, the Aug 28, 2018 high. Initial key support

for now lies at 0.8871.