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EURO-STERLING TECHS
EURO-STERLING TECHS: Looking For A Break Higher
*RES 4: 0.9184 61.8% Fibonacci retracement of the Mar - Apr decline
*RES 3: 0.9176 High Jun 29 and the bull trigger
*RES 2: 0.9145 High Jun 30
*RES 1: 0.9138 High Jul 20
*PRICE: 0.9109 @ 05:59 BST Jul 24
*SUP 1: 0.9001 Low Jul 21 and key near-term support
*SUP 2: 0.8986 50-day EMA
*SUP 3: 0.8938 Low Jul 10 and the key near-term support
*SUP 4: 0.8912 Low Jun 16
EURGBP found support Tuesday and has defined a S/T base at 0.9001, Jul 21 low.
The outlook remains bullish. Recent Japanese candle patterns highlighted a
reversal. Activity Jun 13, was a bullish engulfing and followed a doji candle on
Jun 10. Together they signalled a reversal off 0.8938, Jun 10 low. The focus is
on 0.9145, Jun 30 high and 0.9176, Jun 29 high. A break of 0.9001 would concern
bulls.

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