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Flat Again *RES 3: 0.8717.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Flat Again
*RES 3: 0.8717 High Oct 16 and key near-term resistance
*RES 2: 0.8676 High Oct 24
*RES 1: 0.8630 High Nov 8
*PRICE: 0.8569 @ 16:54 GMT Nov 21
*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
After some brief mid-session volatility, EURGBP is once again largely unchanged
and maintains a bearish outlook. Last week saw prices trade below 0.8576, Oct 17
low to confirm a range breakout and a resumption of the downtrend. Attention is
on the next key support at 0.8491, May 6 low. A break would open 0.8473, Mar 13
low. Note, a print of 0.8473 would represent a 100% retracement of the entire
rally between Mar 13 - Aug 12. First resistance is 0.8630, Nov 8 high. Still
heavy for now!

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