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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: Gbp0.8858 55-WMA 
*RES 2: Gbp0.8821 200-DMA 
*RES 1: Gbp0.8789 Hourly support June 14 now resistance
*PRICE: Gbp0.8768 @ 0430GMT
*SUP 1: Gbp0.8754 Hourly support June 18, 55-DMA 
*SUP 2: Gbp0.8715 Low June 15 
*SUP 3: Gbp0.8707 Bollinger band base 
*SUP 4: Gbp0.8694 Hourly support May 30
*COMMENTARY: Support emerging on sell-offs is a concern for bears and has seen
the pair correct back to Gbp0.8789. Bulls continue to look for a close above
this level to shift focus back to Gbp0.8821-58 where the 200-DMA and 55-WMA are
located. Initial support is now noted at Gbp0.8754 with bears needing a close
below to gain breathing room. Overall a close below Gbp0.8694 is needed to
confirm focus on 2018 lows.

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