Off Recent Highs *RES 4:........>

EURO-STERLING TECHS: Off Recent Highs

*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: 0.9138 High Jul 20

*PRICE: 0.9030 @ 06:08 BST Jul 21

*SUP 1: 0.9028 Low Jul 14

*SUP 2: 0.8938 Low Jul 10 and the key near-term support

*SUP 3: 0.8912 Low Jun 16

*SUP 4: 0.8883 Low Jun 10

EURGBP traded lower Monday as Sterling adopted more of a bid tone. The broader

outlook though remains bullish and the pullback for now is being viewed as a

correction. Recent Japanese candle patterns highlighted a reversal. Activity Jun

13 was a bullish engulfing pattern 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. Key support lies at 0.8938, Jul 10 low.