Finds Resistance *RES 4:........>

EURO-STERLING TECHS: Finds Resistance

*RES 4: 0.8997 Low Mar 20 and former breakout level

*RES 3: 0.8988 High Mar 30

*RES 2: 0.8911 High Apr 1

*RES 1: 0.8864/65 High Apr 21 / High Apr 7 and key near-term resistance

*PRICE: 0.8766 @ 05:54 BST Apr 23

*SUP 1: 0.8727 Low Apr 21

*SUP 2: 0.8682 Low Apr 14 and bear trigger

*SUP 3: 0.8657 Low Mar 9

*SUP 4: 0.8621 Low Mar 5 and a key support

EURGBP reversed direction Tuesday countering the bearish trend although also

managed to find resistance yesterday and is off recent highs. Key resistance is

at 0.8865, Apr 7 high which represents a short-term hurdle for bulls. A break is

required to suggest scope for stronger recovery opening 0.8911, Apr 1 high and

potentially beyond. For the bearish theme to resume, the cross needs to move

back below the 50-, 200-dmas to expose 0.8621 again, Mar 5 low.