Focus Is On Key Resistance......>

EURO-STERLING TECHS: Focus Is On Key Resistance

*RES 4: 0.9187 61.8% Fibonacci retracement of the Mar - Apr decline

*RES 3: 0.9086 50.0% Fibonacci retracement of the Mar - Apr decline

*RES 2: 0.9055/57 High May 29 / Double bottom projection

*RES 1: 0.9025 Intraday high

*PRICE: 0.8981 @ 10:38 BST Jun 15

*SUP 1: 0.8866/64 50-day EMA / Low Jun 9

*SUP 2: 0.8842 1.0% Lower 10-dma envelope

*SUP 3: 0.8826 Low May 14

*SUP 4: 0.8759 Low May 12

In EURGBP, support for the cross at 0.8866, 50-day EMA and 0.8864, Jun 9 low

marks a key cushion. The recovery last week ensured this support for now remains

intact. The focus is on 0.9055, May 29 high where a break would confirm a

resumption of the recovery since early May. On the downside, clearance of the

support zone would instead highlight a bearish risk and open 0.8826, May 14 low

and 0.8808, May 13 low.