Key Resistance Is At 0.8416.....>

EURO-STERLING TECHS: Key Resistance Is At 0.8416

*RES 4: 0.8538 High Feb 4 and a key resistance

*RES 3: 0.8504 High Oct 10

*RES 2: 0.8459 High Feb 11

*RES 1: 0.8416 High Feb 20 and key near-term resistance

*PRICE: 0.8361 @ 05:38 GMT Feb 24

*SUP 1: 0.8282 Low Feb 18

*SUP 2: 0.8277 Low Dec 13 and major support

*SUP 3: 0.8251 Low Jul 14 2016

*SUP 4: 0.8176 50% 2015 - 2016 rally

EURGBP staged a decent intraday rally Thursday, but gains were rapidly sold off

ahead of the close. The recent bounce thus far is insufficient to counter recent

bearish signals, which continue to point towards a test of the Dec 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. Price needs to

clear resistance at 0.8416 to highlight a S/T positive theme instead.