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Focus Returns To................>

EURO-STERLING TECHS
EURO-STERLING TECHS: Focus Returns To Gbp0.8986-0.9051
*RES 4: Gbp0.9226 High Sept 4
*RES 3: Gbp0.9213 High Sept 5
*RES 2: Gbp0.9174 Hourly support Sept 4 now resistance
*RES 1: Gbp0.9160 21-DMA
*PRICE: Gbp0.9136 @ 0430GMT
*SUP 1: Gbp0.9133 Low Sept 5 
*SUP 2: Gbp0.9091 Low Aug 18 
*SUP 3: Gbp0.9051 Low Aug 11 & 15 
*SUP 4: Gbp0.9026 Daily Bull channel base
*COMMENTARY: Pressure on the 21-DMA took its toll with a close below that adds
weight to the case for a move that now targets Gbp0.8986-0.9051 where the 55-DMA
and daily bull channel base are situated. Layers of resistance have accumulated
with bulls now needing a close above Gbp0.9174 to signal a false break of the
21-DMA and shift initial focus back to Gbp0.9226-48. Daily studies have
corrected back to more neutral levels and are giving few clues.

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