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Gbp0.8837 Support Key Today.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gbp0.8837 Support Key Today
*RES 4: Gbp0.8981 High Nov 28 
*RES 3: Gbp0.8960 Daily Bear channel top 
*RES 2: Gbp0.8934 Hourly resistance Nov 28 
*RES 1: Gbp0.8892 Hourly support Nov 23 now resistance
*PRICE: Gbp0.8868 @ 0530GMT
*SUP 1: Gbp0.8837 Low Nov 13 
*SUP 2: Gbp0.8791 200-DMA 
*SUP 3: Gbp0.8726 55-WMA 
*SUP 4: Gbp0.8717 Low June 16
*COMMENTARY: The lack of topside follow through took its toll with the pop above
the channel top and 100-DMA (Gbp0.8955) aggressively reversed and pressure back
on the Gbp0.8837 support. Bears now need a close below this level to shift focus
back to the key Gbp0.8717-91 region where the 200-DMA and 55-WMA are situated.
Bulls now need a close above Gbp0.8934 to return focus to the bear channel top
and above Gbp0.8981 to confirm a break and initially pressure Gbp0.9022-48.

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