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Gbp0.8718 Support Remains Key...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gbp0.8718 Support Remains Key
*RES 4: Gbp0.8980 Daily Bear channel top 
*RES 3: Gbp0.8968 High Now 16 
*RES 2: Gbp0.8953 100-DMA 
*RES 1: Gbp0.8904 High Nov 20
*PRICE: Gbp0.8877 @ 0530GMT
*SUP 1: Gbp0.8854 Low Nov 22 
*SUP 2: Gbp0.8837 Low Nov 13 
*SUP 3: Gbp0.8789 Low Nov 7 
*SUP 4: Gbp0.8783 200-DMA
*COMMENTARY: The recovery from ahead of Gbp0.8718 failed ahead of the Gbp0.9022
resistance with the pair looking heavy again. Bears now look for a close below
Gbp0.8837 to pressure the key Gbp0.8718-89 region where the 55-WMA and 200-DMA
are situated. Bulls continue to look for a close above Gbp0.8904 to ease bearish
pressure and above Gbp0.8968 to shift initial focus to Gbp0.9107.

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