Holds Above Former Breakout.....>

EURO-STERLING TECHS: Holds Above Former Breakout Level

*RES 4: 0.8869 High Oct 11

*RES 3: 0.8801 50.0% retracement of the Aug - Dec downleg

*RES 2: 0.8787 Low Sep 20

*RES 1: 0.8745 High Mar 3 and 4 high

*PRICE: 0.8671 @ 06:01 GMT Mar 6

*SUP 1: 0.8595 Low Mar 2

*SUP 2: 0.8522 Low Feb 28

*SUP 3: 0.8496 50-day EMA

*SUP 4: 0.8430 Low Feb 27

EURGBP bulls remain in the driving seat. Last week's gains resulted in the break

of key resistance at 0.8596, Jan 14 high marking an important swing in price

action that also signals a potential significant M/T reversal. Price has this

week continued to trade above this breakout level, a positive development with

the past few days' pullback considered a correction. The focus is on a climb

towards 0.8801, a Fibonacci retracement. The bull trigger is 0.8745.