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Gbp0.8856 Support Now Key.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gbp0.8856 Support Now Key
*RES 4: Gbp0.8987 Hourly support Oct 12 now resistance
*RES 3: Gbp0.8948 Alternating hourly support/resistance
*RES 2: Gbp0.8931 Hourly resistance Oct 13a
*RES 1: Gbp0.8905 Hourly resistance Oct 16
*PRICE: Gbp0.8870 @ 0930GMT
*SUP 1: Gbp0.8856 Low Oct 16 
*SUP 2: Gbp0.8801 Low Oct 2 
*SUP 3: Gbp0.8746 Monthly Low Sept 27 
*SUP 4: Gbp0.8745 200-DMA
*COMMENTARY: The rejection above the 55-DMA last week left the pair looking and
flirting with the 21-DMA (Gbp0.8863). Bears need a close below Gbp0.8856 to end
bullish hopes and target Gbp0.8727-43. Resistance layers remain and weigh. The
Gbp0.8905-48 resistance region is now key. Bulls look for a close above
Gbp0.8948 to return focus to Gbp0.8987-0.9048 where the 55-DMA is located.
Correcting O/B daily studies are also seen weighing at present.

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