Needs to top 0.89 to resume.....>

EURO-STERLING TECHS: Needs to top 0.89 to resume upward trend:

*RES 3: 0.9061 High Jan 11

*RES 2: 0.9000 Psychological round number

*RES 1: 0.8974 High Jun 18

*PRICE: 0.8885 @ 15:47 GMT June 20

*SUP 1: 0.8871 Low May 12

*SUP 2: 0.8861 20-day EMA and general key support area

*SUP 3: 0.8827 Low Jun 6

EURGBP made a decent break higher Thursday, rallying back above the 0.89 mark

before momentum faded and the outlook switched back to neutral. Bulls need to

close above the handle to reinvigorate the upside argument and re-target the

Jun18 high at 0.8974. The 50D EMA intersects at 0.8861 and this area represents

a support where bullish interest should again develop. A failure to rebound off

0.8860 would reinforce the bearish case. For now, pullbacks are seen to be

corrective.