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EURGBP: Approaching The Key.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: EURGBP: Approaching The Key December Low
*RES 4: 0.8538 High Feb 4 and key resistance
*RES 3: 0.8504 High Oct 10
*RES 2: 0.8459 High Feb 11
*RES 1: 0.8400 High Feb 13
*PRICE: 0.8310 @ 05:00 GMT Feb 17
*SUP 1: 0.8296 Low Feb 13
*SUP 2: 0.8277 Low Dec 13
*SUP 3: 0.8251 Low Jul 14 2016
*SUP 4: 0.8176 50% 2015 - 2016 rally
EURGBP last week re-established a short-term direction and it is down. The sharp
sell-off Thursday confirmed a break of former support at 0.8387, the Jan 31 low,
confirming a bearish tone. This opens the December low at 0.8277. Note, a break
of 0.8277 would also highlight a major bearish breakout of the broad range the
cross has been trading within since Oct 2016. A key S/T resistance has been
defined at 0.8538, Feb 4 high. Initial resistance is at 0.8400.

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