Range Break Out Weighs *RES.....>

EURO-STERLING TECHS: Range Break Out Weighs

*RES 4: 0.8605 High Nov 22

*RES 3: 0.8596 High Jan 14 and bull trigger

*RES 2: 0.8554 High Jan 20

*RES 1: 0.8501 High Jan 22

*PRICE: 0.8418 @ 05:46 GMT Jan 24

*SUP 1: 0.8417 Low Jan 23

*SUP 2: 0.8399 61.8% of the December - January rally

*SUP 3: 0.8356 Low Dec 17

*SUP 4: 0.8277 Low Dec 13 and key support

EURGBP maintains a weaker tone following Wednesday's move below 0.8452. the Dec

31 low. This marks a breakout of the recent range and opens 0.8399 initially, a

Fibonacci retracement. The recent pullback negates bullish signs stemming from

last week's trendline break. A deeper pullback would also open 0.8356, Dec 17

low and if this level is cleared, the key bear trigger at 0.8277, the Dec 13

low. Firm resistance has been defined at 0.8454. Heavy for now.