Pivotal Support Holds *RES 4:...>

EURO-STERLING TECHS: Pivotal Support Holds

*RES 4: 0.9187 61.8% Fibonacci retracement of the Mar - Apr decline

*RES 3: 0.9086 50.0% Fibonacci retracement of the Mar - Apr decline

*RES 2: 0.9055/57 High May 29 / Double bottom projection

*RES 1: 0.9007 High Jun 4

*PRICE: 0.8961 @ 10:29 BST Jun 11

*SUP 1: 0.8864 Low Jun 9

*SUP 2: 0.8857/46 50-day EMA / 1.0% Lower 10-dma envelope

*SUP 3: 0.8826 Low May 14 and key near-term support

*SUP 4: 0.8759 Low May 12

EURGBP support at 0.8864, Jun 9 low and 0.8857, the 50-day EMA represents a key

short-term cushion for the cross. An ability to hold above this level and push

higher would open resistance at 0.9007, Jun 4 high and if breached, key

resistance at 0.9055, May 29 high. The latter level is the bull trigger. On the

downside, clearance of the key support zone would instead highlight a bearish

risk and open 0.8826, May 14 low and 0.8808, May 13 low.