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Plays the range: *RES 3:........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Plays the range:
*RES 3: 0.9086/9094 High Sep 4 / Trendline resistance drawn off Aug 12 high
*RES 2: 0.9031 High Sep 5
*RES 1: 0.9015 High Sep 9
*PRICE: 0.8938 @ 16:08 GMT Sep 10
*SUP 1: 0.8905 Low Sep 9
*SUP 2: 0.8892/86 Low Jul 25 / Bear channel base drawn off the Aug 12 high
*SUP 3: 0.8873 Low Jun 20
EURGBP maintains a bearish outlook following the recent spell of lower lows and
lower highs, with support at 0.8905, marking the Monday low. Furthermore,
momentum and moving average studies are pointing south reinforcing the current
bearish theme. The cross is approaching the next objective at 0.8892, the low of
Jul 25. Note that this level lies just ahead of 0.8886, the base the bear
channel drawn off the Aug 12 high and potentially a strong support. Initial
resistance is at 0.9015 ahead of 0.9031.

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