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Gbp0.8868-0.8920 Resistance.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gbp0.8868-0.8920 Resistance Region Key
*RES 4: Gbp0.8907 High Sept 15
*RES 3: Gbp0.8895 100-DMA
*RES 2: Gbp0.8886 High Sept 22
*RES 1: Gbp0.8868 High Oct 2
*PRICE: Gbp0.8836 @ 0330GMT
*SUP 1: Gbp0.8832 Hourly support Oct 2 
*SUP 2: Gbp0.8801 Low Oct 2 
*SUP 3: Gbp0.8787 Hourly resistance Sept 28 now support 
*SUP 4: Gbp0.8758 Hourly support Sept 27
*COMMENTARY: Bulls took comfort in the bounce to end the week with layers of
resistance Gbp0.8868-0.8920 remaining key. Bulls again look for a close above
Gbo0.8920 to shift initial focus to tests of the 55-DMA (Gbp0.9012). Momentum
has corrected back to neutral levels with bears now needing a close below
Gbp0.8832 to ease pressure on resistance layers and below Gbp0.8801 to retain
focus on Gbp0.8716-24 where the 55-WMA and 200-DMA are noted.

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