In Close Proximity to Key.......>

EURO-STERLING TECHS: In Close Proximity to Key December Low

*RES 4: 0.8538 High Feb 4 and key resistance

*RES 3: 0.8504 High Oct 10

*RES 2: 0.8459 High Feb 11

*RES 1: 0.8400 High Feb 13

*PRICE: 0.8332 @ 04:47 GMT Feb 18

*SUP 1: 0.8296 Low Feb 13

*SUP 2: 0.8277 Low Dec 13

*SUP 3: 0.8251 Low Jul 14 2016

*SUP 4: 0.8176 50% 2015 - 2016 rally

EURGBP last week re-established a short-term direction and it is down. The sharp

sell-off Thursday confirmed a break of former support at 0.8387, the Jan 31 low,

confirming a bearish tone. This opens the December low at 0.8277. Note, a break

of 0.8277 would also highlight a major bearish breakout of the broad range the

cross has been trading within since Oct 2016. A key S/T resistance has been

defined at 0.8538, Feb 4 high. Initial resistance is at 0.8400.