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

EURO-STERLING TECHS: Finds Resistance

*RES 4: 0.9240 - High Mar 26

*RES 3: 0.9187 61.8% Fibonacci retracement of the Mar - Apr decline

*RES 2: 0.9086 50.0% Fibonacci retracement of the Mar - Apr decline

*RES 1: 0.9057 Double bottom projection

*PRICE: 0.8914 @ 05:50 BST Jun 2

*SUP 1: 0.8881 Low May 26

*SUP 2: 0.8863 1.0% Lower 10-dma envelope

*SUP 3: 0.8837 50-day EMA

*SUP 4: 0.8826 Low May 14 and key near-term support

EURGBP has found resistance at 0.9055, May 29 high and this led to a strong

sell-off Monday, putting the bullish focus under pressure. However support, for

now, at 0.8881 is intact, which keeps the upside trend in place. A break though

would likely trigger a stronger bearish signal. While the support holds, the

focus is on 0.9086 next, a Fibonacci retracement. Sub 0.8881 levels would

instead initially open envelope support at 0.8863.