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Gbp0.8789 Resistance Key........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gbp0.8789 Resistance Key Today
*RES 4: Gbp0.8904 Low Mar 8 now resistance 
*RES 3: Gbp0.8860 200-DMA 
*RES 2: Gbp0.8844 High May 4 
*RES 1: Gbp0.8789 High May 16
*PRICE: Gbp0.8770 @ 0430GMT
*SUP 1: Gbp0.8751 Hourly support May 21 
*SUP 2: Gbp0.8710 Low May 17 
*SUP 3: Gbp0.8678 Low Apr 26 
*SUP 4: Gbp0.8664 Hourly breakout level Apr 18
*COMMENTARY: The rally from ahead of last week's low Monday resulted in closes
above 21 (Gbp0.8775) & 55 (Gbp0.8764) DMAs with bulls now needing a close above
Gbp0.8789 to confirm traction above the 55-DMA and to return pressure to
Gbp0.8844-0.8904 where the 200-DMA is located. The Gbp0.8710 support remains key
this week. Bears now need a close below this level to shift overall focus to
retests of 2018 lows.

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