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One Impressive Drop Follows.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: One Impressive Drop Follows Another:
*RES 3: 0.9056 50% retracement of Aug 12 - Sep 20 decline
*RES 2: 0.9020 High Oct 10
*RES 1: 0.8925 50% retracement of yesterday's range
*PRICE: 0.8704 @ 15:13 GMT Oct 11
*SUP 1: 0.8700 61.8% April 2017 - August 2019 Rally
*SUP 2: 0.8694 Low Oct 11
*SUP 3: 0.8687 76.4% May - Aug Rally
The cross cratered Friday, bringing the two-day decline to close to 3.5%. This
blows out any bullish technical signals, returning focus to medium-term downside
targets at 0.8687 and downtrendline support at 0.8605. Key support going
forward, and the only level that slowed the cross, seems to be the 61.8% Fib of
the Apr 2017 - August 2019 rally, which cuts in mere pips below the Friday low.
The continued headline sensitivity risk suggests that any bearish outlook will
be cautious going forward.

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