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Looking Heavy Again *RES 4:.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Looking Heavy Again
*RES 4: Gbp0.8913 Hourly resistance Now 3a 
*RES 3: Gbp0.8893 Hourly resistance Nov 3 
*RES 2: Gbp0.8862 Hourly support Nov 3 now resistance 
*RES 1: Gbp0.8836 Hourly resistance Nov 6
*PRICE: Gbp0.8806 @ 0530GMT
*SUP 1: Gbp0.8791 Low Nov 7 
*SUP 2: Gbp0.8763 200-DMA 
*SUP 3: Gbp0.8733 Low Nov 1 
*SUP 4: Gbp0.8721 55-WMA
*COMMENTARY: The recovery from last week's low and dip below the 200-DMA has
stalled ahead of layers of resistance Gbp0.8942-74 where the 55 & 100-DMAs are
situated. The sell-off from this region continues with focus having returned to
the key Gbp0.8718-21 support region where the 55-WMA is located. Bulls now need
a close above Gbp0.8862 to shift focus back to Gbp0.8942-74 and bears need a
close below Gbp0.8718 to target the channel base (Gbp0.8491).

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