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Offered Once Again *RES 4:......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Offered Once Again
*RES 4: 0.8717 High Oct 16 and key near-term resistance
*RES 3: 0.8676 High Oct 24
*RES 2: 0.8630 High Nov 8
*RES 1: 0.8605 High Nov 22 and key near-term resistance
*PRICE: 0.8543 @ 05:36 GMT Nov 26
*SUP 1: 0.8522 Low Nov 18
*SUP 2: 0.8491 Low May 6 and major support
*SUP 3: 0.8482 1.00 projection of Aug 12 - Sep 20 decline from Oct 10 high
*SUP 4: 0.8473 - Low Mar 13 primary support
EURGBP was offered yesterday pulling away from the 0.8600 handle. A broader
bearish outlook remains in place and the immediate focus is on support at
0.8522, Nov 18 low. The break of 0.8576, Oct 17 low on Nov 11 confirmed a range
breakout and a resumption of the downtrend. Attention is on key support at
0.8491, May 6 low where a break would open 0.8473, Mar 13 low. Resistance has
been defined at 0.8605, Nov 22 high.

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