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Looking For A Break Higher

EURO-STERLING TECHS
  • 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: 0.9139 Intraday high
  • PRICE: 0.9101 @ 10:33 BST Jul 27
  • SUP 1: 0.9049 20-Day EMA
  • SUP 2: 0.9001 Low Jul 21 and key near-term support
  • SUP 3: 0.8991 50-day EMA
  • SUP 4: 0.8938 Low Jul 10 and the key near-term support

EURGBP found support Jul 21 and has defined a S/T base at 0.9001The
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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