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###POV 55-WMA Key LT Support....>

EURO-STERLING TECHS
EURO-STERLING TECHS: ###POV 55-WMA Key LT Support
*RES 2: Gbp0.9306 - 2017 High Aug 29
*RES 1: Gbp0.9107 - Low Sept 6 now resistance
*PRICE: Gbp0.8957 @ 0130GMT
*SUP 1: Gbp0.8778 - Weekly Bull channel base
*SUP 2: Gbp0.8724 - 55-WMA
###POV: The correction from 2017 highs found support ahead of the 55-WMA and
again confirmed significance of the LT weekly bull channel base off late Nov
2015 lows. The 55-WMA is key support for LT traders with a close below needed to
confirm a break of the bull channel base and shift focus back to layers of
support Gbp0.8031-8358 where 100 (Gbp0.8358) & 200 ((Gbp0.8031) WMAs are noted.
Below Gbp0.8117 (mthly high Apr 2016) is needed to hint at a move to Gbp0.7522
with below the 200-WMA to confirm.
- While the 55-WMA supports LT bulls retain the advantage but need a close above
Gbp0.8107 to reconfirm focus on Gbp0.9306-65 where 2017 & 2016 lows are
situated. - Click for chart https://tinyurl.com/y9f9kx3n

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