Fails to maintain 0.90: *RES....>

EURO-STERLING TECHS: Fails to maintain 0.90:

*RES 4: 0.9108 High Jan 3 and major resistance

*RES 3: 0.9070 Trendline drawn off the Oct 7 2016 high

*RES 2: 0.9062 High Jan 11

*RES 1: 0.9051 High Jul 17

*PRICE: 0.8963 @ 15:28 GMT Jul 23

*SUP 1: 0.8954/56 Low Jul 8 / Low Jul 12 and key near-term support

*SUP 2: 0.8930/27 Low Jul 2 / 2% lower Bollinger band

*SUP 3: 0.8873 Low Jun 20

*SUP 4: 0.8830 Low Jun 6

Renewed sterling pressure countered last week's minor correction in EURGBP to

lift the cross back through 0.90, a level that has so far proved hard to

maintain. Consolidation above would encourage bulls to resume their focus on

last Wednesday's high of 0.9051 and the Jan 11 high and down trendline drawn off

the Oct 7, 2016 high at 0.9062/70. Key trend support remains at 0.8954/56, the

low of Jul 8 and12 and this support needs to hold to avoid a deeper correction.