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Key DMAs Capping *RES 4:........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Key DMAs Capping
*RES 4: Gbp0.8868 Daily Bear channel top 
*RES 3: Gbp0.8852 100-DMA 
*RES 2: Gbp0.8851 200-DMA 
*RES 1: Gbp0.8814 21-DMA
*PRICE: Gbp0.8749 @ 0530GMT
*SUP 1: Gbp0.8719 Hourly support Jan 25 
*SUP 2: Gbp0.8685 2018 Low Jan 25 
*SUP 3: Gbp0.8649 Low May 8 
*SUP 4: Gbp0.8599 Low May 24
*COMMENTARY: Bears take comfort as the recovery from 2018 lows remains capped
ahead of key DMAs and the daily bear channel top. Bulls need a close above the
bear channel top to end bearish hopes and shift focus to layers of resistance
Gbp0.8928-0.9048. The pair remains heavy following topside failures with bears
now initially focused on 2018 lows and then the 100-WMA (Gbp0.8578) on a close
below.

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