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EURO-STERLING TECHS: Close......>

EURO-STERLING TECHS
EURO-STERLING TECHS: EURO-STERLING TECHS: Close Below Gbp0.8948 To Ease Bullish
Pressure
*RES 4: Gbp0.9045 High Sept 14
*RES 3: Gbp0.9013 55-DMA
*RES 2: Gbp0.8992 High Oct 6
*RES 1: Gbp0.8972 Hourly resistance Oct 11
*PRICE: Gbp0.8957 @ 0430GMT
*SUP 1: Gbp0.8948 Hourly resistance Oct 11 now support 
*SUP 2: Gbp0.8925 Low Oct 10 
*SUP 3: Gbp0.8906 Low Oct 9 
*SUP 4: Gbp0.8886 High Sept 22 now support
*COMMENTARY: Bulls have failed to capitalise on the close above Gbp0.8920 with
Gbp0.8992-0.9045 resistance key. Bulls need a close above Gbp0.9045 to confirm a
break of the 55-DMA, hint at a move back to Gbp0.8213-0.9306 and above Gbp0.9107
to confirm. Bears now look for a close below Gbp0.8948 to gain breathing room
and below the 21-DMA (Gbp0.8860) to end bearish hopes and target Gbp0.8717-57.

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