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Major Range Breakout *RES 4:....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Major Range Breakout
*RES 4: 0.9634 4.236 projection of the Dec - Jan rally from the Feb low
*RES 3: 0.9558 4.00 projection of the Dec - Jan rally from the Feb low
*RES 2: 0.9544 3.0% Upper Bollinger Band
*RES 1: 0.9439 High Mar 18
*PRICE: 0.9472 @ 06:01 GMT Mar 19
*SUP 1: 0.9380 Intraday low
*SUP 2: 0.9068 Low Mar 18
*SUP 3: 0.8985 Low Mar 16
*SUP 4: 0.8844 Low Mar 13
EURGBP continues to climb as Sterling selling pressure drags the currency lower.
The cross has cleared a major technical level at the 0.9307-0.9325 zone and the
Oct 2016 high of 0.9415 to confirm a breakout of the range the cross has traded
within since Oct 2016. Given what we are seeing in Sterling, this sends out a
strong bearish message and raises once again the prospect of a move to parity.
Initial objectives are at 0.9544/58.

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