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Finding Support On Dips *RES....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Finding Support On Dips
*RES 4: Gbp0.9025 High Nov 9
*RES 3: Gbp0.8994 2017 High July 21
*RES 2: Gbp0.8975 High July 31
*RES 1: Gbp0.8956 Hourly resistance Aug 1
*PRICE: Gbp0.8947 @ 0430GMT
*SUP 1: Gbp0.8922 Low Aug 1 
*SUP 2: Gbp0.8890 Low July 27 
*SUP 3: Gbp0.8886 21-DMA 
*SUP 4: Gbp0.8867 Alternating hourly support/resistance
*COMMENTARY: Bears failed to capitalise on the break of Gbp0.8928 with support
emerging and pressure now back on the Gbp0.8956 resistance. Bulls continue to
look for a close above 2017 highs to reconfirm the bullish bias and initially
focus on Gbp0.9025-68. Bears now need a close below Gbp0.8922 to shift focus
back to layers of support Gbp0.8798-0.8890 where the bull channel base, 21 &
55-DMAs are located.

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