Nearing Key Support *RES 4:.....>

EURO-STERLING TECHS: Nearing Key Support

*RES 4: 0.8988 High Mar 30

*RES 3: 0.8911 High Apr 1

*RES 2: 0.8864/65 High Apr 21 / High Apr 7 and key near-term resistance

*RES 1: 0.8781 High Feb 23

*PRICE: 0.8722 @ 06:07 BST Apr 24

*SUP 1: 0.8709 Low Apr 23

*SUP 2: 0.8682 Low Apr 14 and bear trigger

*SUP 3: 0.8657 Low Mar 9

*SUP 4: 0.8621 Low Mar 5 and a key support

EURGBP continues to ease back off recent highs having failed this week to clear

resistance at 0.8865, Apr 7 high. For the bearish theme to be cemented, the

cross needs to clear support at 0.8682 to expose 0.8621 again, Mar 5 low. Key

resistance remains 0.8865, Apr 7 high which represents a short-term hurdle for

bulls. A break is required to suggest scope for a stronger recovery opening

0.8911, Apr 1 high and potentially beyond.