Range Bound *RES 4: 0.8911......>

EURO-STERLING TECHS: Range Bound

*RES 4: 0.8911 High Apr 1

*RES 3: 0.8865 Apr 7 high and key resistance

*RES 2: 0.8824 50-dma

*RES 1: 0.8814 High May 4

*PRICE: 0.8749 @ 05:55 BST May 5

*SUP 1: 0.8731 Low May 4

*SUP 2: 0.8671 Low Apr 30 and bear trigger

*SUP 3: 0.8657 Low Mar 9

*SUP 4: 0.8621 Low Mar 5 and a key support

EURGBP is range bound. The cross probed key support at 0.8682, Apr 14 low, last

week. However it failed to follow through and has since moved off the lows. A

close below 0.8682 and a break of Thursday's 0.8671 low is required to trigger a

fresh bearish move. This would confirm a resumption of the downtrend and open

0.8621, Mar 5 low. On the upside, key resistance remains 0.8865, Apr 7 high

which represents a S/T reversal point for bulls.