Downside Continues To Extend....>

EURO-STERLING TECHS: Downside Continues To Extend

*RES 4: 0.8605 High Nov 22 and key near-term resistance

*RES 3: 0.8575 High Dec 2 and initial key resistance

*RES 2: 0.8531 High Dec 4

*RES 1: 0.8468 High Dec 6

*PRICE: 0.8414 @ 05:37 GMT Dec 10

*SUP 1: 0.8393 Low Dec 9

*SUP 2: 0.8384 Low May 10 and a key support

*SUP 3: 0.8355 1.236 projection of Aug 12 - Sep 20 sell-off from Oct 10 high

*SUP 4: 0.8314 Low Apr 18, 2017

EURGBP maintains a clear bearish tone managing a fresh trend low again yesterday

at 0.8393. Last week saw the cross clear support at 0.8500, Nov 28 low and the

key 0.8473 level, Mar 3 low. This confirmed a resumption of the downtrend that

has been in place since Aug 12. The break of 0.8473 opens 0.8384 next, a level

last traded in May 2017. The initial key resistance is at 0.8575, Dec 2 high.

First resistance though is at Friday's 0.8468 high.