Extends This Week's Sell-Off....>

EURO-STERLING TECHS: Extends This Week's Sell-Off

*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: 0.9068 High Jul 7

*RES 1: 0.9011 High Jul 8

*PRICE: 0.8959 @ 06:05 BST Jul 10

*SUP 1: 0.8946 Low Jul 09

*SUP 2: 0.8941/12 50-dma / Low Jun 16

*SUP 3: 0.8883 Low Jun 10

*SUP 4: 0.8964 Low Jun 9

EURGBP maintains a weaker outlook. The cross has this week cleared 0.9001, Jun

25 low and the 0.9000 handle to touch fresh multi-week lows and reinstate a

bearish threat. Furthermore, price has also traded through a trendline support

drawn off the May 11 low that intersected at 0.8993 Tuesday. The 50-dma at

0.8941 marks the next primary downside target. A break would open 0.8912, Jun 16

low. Firm resistance has been defined at 0.9068, Jul 7 high.