Focus Is On Key Support *RES....>

EURO-STERLING TECHS: Focus Is On Key Support

*RES 4: 0.8911 High Apr 1

*RES 3: 0.8865 Apr 7 high and key resistance

*RES 2: 0.8831 50-dma

*RES 1: 0.8814 High May 4

*PRICE: 0.8751 @ 16:40 BST May 6

*SUP 1: 0.8691 Low May 01 / 05

*SUP 2: 0.8671 Low Apr 30 and bear trigger

*SUP 3: 0.8657 Low Mar 9

*SUP 4: 0.8621 Low Mar 5 and a key support

EURGBP traded lower Tuesday. From a technical perspective, the cross is still

range bound. A probe last week of key support at 0.8682, Apr 14 low, failed to

deliver any follow through and price subsequently recovered off the lows. A

close below 0.8682 and a break of 0.8671 low is required to trigger a fresh

bearish move. This would confirm a resumption of the downtrend and open 0.8621,

Mar 5 low. Key resistance remains 0.8865, the Apr 7 high.