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Key Support Lies At 0.8387......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Key Support Lies At 0.8387
*RES 4: 0.8605 High Nov 22
*RES 3: 0.8596 High Jan 14 and bull trigger
*RES 2: 0.8554 High Jan 20
*RES 1: 0.8538 High Feb 4
*PRICE: 0.8470 @ 16:30 GMT Feb 5
*SUP 1: 0.8387 Low Jan 31 and key intraday support
*SUP 2: 0.8356 Low Dec 17
*SUP 3: 0.8352 76.4% retracement of the Dec 13 - Jan 14 rally
*SUP 4: 0.8277 Low Dec 13 and key support
EURGBP traded slightly weaker Wednesday. On Monday, the cross cleared resistance
at 0.8488, Jan 30 high. This signals scope for gains towards 0.8553, Jan 20 high
ahead of key resistance at 0.8596, Jan 14 high. On the downside, firm support
has been defined at 0.8387, the Jan 31 low. A break of this level is needed to
instead reinstate our recent bearish focus and open 0.8356, Dec 17 low and
0.8277, Dec 13 low.

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