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Flirting With Bear Channel......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Flirting With Bear Channel Top
*RES 4: Gbp0.8981 High Nov 28 
*RES 3: Gbp0.8928 High Jan 12 
*RES 2: Gbp0.8914 Bollinger band top 
*RES 1: Gbp0.8873 High Feb 5
*PRICE: Gbp0.8861 @ 0530GMT
*SUP 1: Gbp0.8849 Hourly support Feb 5 
*SUP 2: Gbp0.8812 21-DMA 
*SUP 3: Gbp0.8776 Hourly resistance Feb 2 now support 
*SUP 4: Gbp0.8714 Low Feb 1
*COMMENTARY: Bulls take comfort in closes above key DMAs with the pair now
flirting with the daily bear channel top (Gbp0.8857). Bulls look for a close
above Monday's high to confirm a break and shift initial focus to
Gbp0.8928-0.9048. Daily studies have room to move before O/B becomes an issue.
Bears now need a close below the 21-DMA to ease bullish pressure and below
Gbp0.8776 to shift focus back to 2018 lows.

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