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Gbp0.8718 Support Remains Key...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gbp0.8718 Support Remains Key
*RES 4: Gbp0.9022 High Oct 20 
*RES 3: Gbp0.8968 High Now 16 
*RES 2: Gbp0.8951 100-DMA 
*RES 1: Gbp0.8900 Hourly resistance Nov 18
*PRICE: Gbp0.8885 @ 0530GMT
*SUP 1: Gbp0.8870 21-DMA 
*SUP 2: Gbp0.8837 Low Nov 13 
*SUP 3: Gbp0.8789 Low Nov 7 
*SUP 4: Gbp0.8778 200-DMA
*COMMENTARY: The recovery from ahead of Gbp0.8718 failed ahead of the Gbp0.8922
resistance with the pair looking heavy again and pressuring the 21-DMA. Bears
now look for a close below the 21-DMA to confirm an easing of bullish pressure
and to shift focus back to Gbp0.8718-78 where the 55-WMA and 200-DMA are
situated. Bulls now need a close above Gbp0.8968 to gain breathing room and
above Gbp0.9048 to shift focus to Gbp0.9107.

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