Holding Onto Last Week's Lows...>

EURO-STERLING TECHS: Holding Onto Last Week's Lows

*RES 4: 0.9240 High Mar 26

*RES 3: 0.9184 61.8% Fibonacci retracement of the Mar - Apr decline

*RES 2: 0.9176 High Jun 29

*RES 1: 0.9080 High Jul 1

*PRICE: 0.9012 @ 19:00 BST Jul 3

*SUP 1: 0.9001/03 Low Jun 25 / Jul 3 and key near-term support

*SUP 2: 0.8950 Low Jun 18

*SUP 3: 0.8939/12 50-day EMA / Low Jun 16

*SUP 4: 0.8883 Low Jun 10

EURGBP stalled at 0.9176 on Jun 29 . This subsequent pullback is significant

given that it has occurred just ahead of 0.9184, 61.8% of the Mar - Apr decline.

Furthermore, the Jun 30 price pattern is a bearish engulfing candle and also

warns of a top. The key directional parameters are located at 0.9001 as support,

Jun 25 low and resistance at 0.9176, Jun 29 high. A breach of support would

reinforce a bearish threat. 0.9176 is the trigger for a resumption of gains.