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In Sell Rallies Mode *RES 3:....>

EURO-STERLING TECHS
EURO-STERLING TECHS: In Sell Rallies Mode
*RES 3: 0.8504 High Oct 10
*RES 2: 0.8459 High Feb 11
*RES 1: 0.8416 High Feb 20
*PRICE: 0.8371 @ 17:01 GMT Feb 21
*SUP 1: 0.8282 Low Feb 18
*SUP 2: 0.8277 Low Dec 13
*SUP 3: 0.8251 Low Jul 14 2016
The cross staged a decent intraday rally Thursday, but the gains were rapidly
sold off ahead of the close. This bounce was, therefore, insufficient to counter
recent bearish signals, which continue to point toward 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
0.8459.

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