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Gbp0.8718 Support Key *RES 4:...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gbp0.8718 Support Key
*RES 4: Gbp0.8901 High Oct 27, 21-DMA 
*RES 3: Gbp0.8848 High Oct 30 
*RES 2: Gbp0.8826 High Oct 31 
*RES 1: Gbp0.8796 Hourly resistance Oct 31
*PRICE: Gbp0.8764 @ 0530GMT
*SUP 1: Gbp0.8755 200-DMA 
*SUP 2: Gbp0.8722 55-WMA 
*SUP 3: Gbp0.8718 Low June 16 
*SUP 4: Gbp0.8649 Monthly Low June 8
*COMMENTARY: The pair remains heavy with Friday's bounce remaining capped ahead
of the 21-DMA. Bears remain focused on Gbp0.8718-55 where Sept lows, the 200-DMA
and 55-WMA are situated. The weekly bull channel base comes in around Gbp0.8830
this week with bears needing a weekly close below to confirm a break and add
weight to the bearish case. Bulls need a close above Gbp0.8848 to shift focus
back to Gbp0.8901-74.

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