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Gbp0.8725 Support Key Today.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gbp0.8725 Support Key Today
*RES 4: Gbp0.8904 Low Mar 8 now resistance 
*RES 3: Gbp0.8868 200-DMA 
*RES 2: Gbp0.8844 High May 4 
*RES 1: Gbp0.8779 55-DMA
*PRICE: Gbp0.8771 @ 0930GMT
*SUP 1: Gbp0.8725 Low May 9 
*SUP 2: Gbp0.8701 Bollinger band base 
*SUP 3: Gbp0.8678 Low Apr 26 
*SUP 4: Gbp0.8664 Hourly breakout level Apr 18
*COMMENTARY: Hesitation ahead of Gbp0.8844-0.8904 where the 200-DMA is noted has
resulted in a close back below the 55-DMA, easing bullish pressure and seeing
immediate focus on Gbp0.8725. Bears now need a close below Gbp0.8725 to shift
overall focus back to 2018 lows. Bulls now need a close above the 55-DMA to gain
breathing room and return focus to Gbp0.8844-0.8904. Above Gbp0.8904 is needed
to confirm a break of the 200-DMA and initially target 2018 highs.

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