Focus Is Still On Key...........>

EURO-STERLING TECHS: Focus Is Still 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 High Jun 15

*PRICE: 0.8940 @ 17:43 BST Jun 16

*SUP 1: 0.8871/64 50-day EMA / Low Jun 9

*SUP 2: 0.8849 1.0% Lower 10-dma envelope

*SUP 3: 0.8826 Low May 14

*SUP 4: 0.8759 Low May 12

In EURGBP, support at 0.8871, 50-day EMA and 0.8864, Jun 9 low remains 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 however

would instead highlight a bearish risk and open 0.8826, May 14 low and 0.8808,

May 13 low.