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Pressuring Support

EURO-STERLING TECHS
  • RES 4: 0.9176 High Jun 29 and the key bull trigger
  • RES 3: 0.9148 High Jul 27
  • RES 2: 0.9087 High Jul 29
  • RES 1: 0.9070 High Aug 17
  • PRICE: 0.8970 @ 05:56 BST Aug 21
  • SUP 1: 0.8946 Low Jul 13
  • SUP 2: 0.8938 Low Jul 10 and a key support
  • SUP 3: 0.8933 100-dma
  • SUP 4: 0.8864 Low Jun 9

EURGBP traded lower Thursday and maintains a softer tone. The cross did attempt a push higher Monday and probed resistance at 0.9059, Aug 5 high. A clear break however failed to materialise. This would have signalled scope for stronger gains opening 0.9087, Jul 29 high ahead of key resistance levels at 0.9148, Jul 27 high and 0.9176, Jun 29 high. Instead 0.8970, Aug 11 low is under pressure, a clear break would open 0.8938, Jul 10 low.

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