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Gbp0.8861-0.8906 Support Key....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gbp0.8861-0.8906 Support Key
*RES 4: Gbp0.9045 High Sept 14
*RES 3: Gbp0.9011 55-DMA
*RES 2: Gbp0.8992 High Oct 6
*RES 1: Gbp0.8969 Hourly support Oct 9 now resistance
*PRICE: Gbp0.8957 @ 0930GMT
*SUP 1: Gbp0.8948 Hourly resistance Oct 11 now support 
*SUP 2: Gbp0.8925 Low Oct 10 
*SUP 3: Gbp0.8906 Low Oct 9 
*SUP 4: Gbp0.8886 High Sept 22 now support
*COMMENTARY: Bulls have so far failed to capitalise on the close above Gbp0.8920
with the Gbp0.8992-0.9045 resistance key. Bulls need a close above Gbp0.9045 to
confirm a break of the 55-DMA, hint at a move back to Gbp0.8213-0.9306 and above
Gbp0.9107 to confirm. Bears now look for a close below Gbp0.8906 to ease
immediate bullish pressure and below the 21-DMA (Gbp0.8861) to end bullish hopes
and shift focus back to Gbp0.8717-57 where the 200-DMA & 55-WMA are found.

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