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Gbp0.8856 Support Key Today.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gbp0.8856 Support Key Today
*RES 4: Gbp0.8998 55-DMA 
*RES 3: Gbp0.8975 High Oct 24 
*RES 2: Gbp0.8948 Hourly support Oct 25 now resistance 
*RES 1: Gbp0.8925 Hourly resistance Oct 25
*PRICE: Gbp0.8914 @ 0430GMT
*SUP 1: Gbp0.8889 Hourly support Oct 25 
*SUP 2: Gbp0.8879 Low Oct 25 
*SUP 3: Gbp0.8856 Low Oct 16 
*SUP 4: Gbp0.8802 Bollinger band base
*COMMENTARY: The break of the 21-DMA (Gbp0.8909) has lacked follow through with
bears now needing a close below Gbp0.8856 to shift focus back to Gbp0.8727-57
where the 200-DMA & 55-WMA are situated. The Gbp0.8975-0.9048 resistance region
remains key. Bulls need a close above Gbp0.8975 to ease bearish pressure and
above Gbp0.9048 to end bearish hopes and shift focus to Gbp0.9107-0.9202.

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