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Flirting With 21-DMA *RES 4:....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Flirting With 21-DMA
*RES 4: Gbp0.8812 100-DMA 
*RES 3: Gbp0.8797 High Mar 27 
*RES 2: Gbp0.8749 Hourly resistance Apr 6 
*RES 1: Gbp0.8720 21-DMA
*PRICE: Gbp0.8717 @ 0430GMT
*SUP 1: Gbp0.8690 Alternating daily support/resistance 
*SUP 2: Gbp0.8664 Hourly breakout level Apr 18 
*SUP 3: Gbp0.8641 Hourly support Apr 18 
*SUP 4: Gbp0.8618 2018 Low Apr 17
*COMMENTARY: O/S daily studies and Bolli base (Gbp0.8642) limiting follow
through impacted with an aggressive break higher that sees the pair flirting
with the 21-DMA. Bulls look for a close above Gbp0.8749 to confirm a break of
the 21-DMA and to return focus to Gbp0.8797-0.8812 where 55 & 100-DMAs are
located. Bears now look for a close below Gbp0.8664 to retain focus on
Gbp0.8380-0.8515 with below Gbp0.8380 to confirm focus on Gbp0.8313 2017 lows.

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