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EURO-STERLING TECHS: Finds Support This Morning
*RES 4: 0.8717 High Oct 16 and key near-term resistance
*RES 3: 0.8676 High Oct 24
*RES 2: 0.8630 High Nov 8
*RES 1: 0.8605 High Nov 22 and key near-term resistance
*PRICE: 0.8566 @ 10:27GMT Nov 26
*SUP 1: 0.8522 Low Nov 18
*SUP 2: 0.8491 Low May 6 and major support
*SUP 3: 0.8482 1.00 projection of Aug 12 - Sep 20 decline from Oct 10 high
*SUP 4: 0.8473 - Low Mar 13 primary support
EURGBP was offered yesterday however has found some support this morning. A
broader bearish outlook though remains in place and the immediate focus is still
on support at 0.8522, Nov 18 low. The break of 0.8576, Oct 17 low on Nov 11
confirmed a range breakout and a resumption of the downtrend. Scope is for a
move to 0.8491, May 6 low where a break would open 0.8473, Mar 13 low.
Resistance has been defined at 0.8605, Nov 22 high.