Flatlining *RES 4: 0.8869.......>

EURO-STERLING TECHS: Flatlining

*RES 4: 0.8869 High Oct 11

*RES 3: 0.8787 Low Sep 20 and former breakout point

*RES 2: 0.8751 High Oct 15

*RES 1: 0.8717 High Oct 16 and key near-term resistance

*PRICE: 0.8640 @ 05:42 GMT Oct 31

*SUP 1: 0.8576 Low Oct 17 and bear trigger

*SUP 2: 0.8558 Low May 8

*SUP 3: 0.8491 Low May 6 and major support

*SUP 4: 0.8482 1.000 projection of Aug 12 - Sep 20 decline from Oct 10 high

Still no change in EURGBP with the cross trading broadly flat. This

consolidation appears to be a bear flag / pennant formation. This is a

continuation pattern that if correct, highlights the likelihood the pair will

depreciate further near-term. Note, we are still monitoring the candle patterns

on Oct 16/17, two long-legged doji formations. They are potentially an early

basing signal however, a breach of 0.8717 is required to reinforce this.