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

EURO-STERLING TECHS
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: 0.8978 @ 16:41 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.

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