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Range Top Holds *RES 4:.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Range Top Holds
*RES 4: 0.8972 High Mar 31
*RES 3: 0.8911 High Apr 1
*RES 2: 0.8865 Apr 7 high and range resistance
*RES 1: 0.8848 50-dma
*PRICE: 0.8824 @ 10:37 BST May 13
*SUP 1: 0.8759 Low May 12
*SUP 2: 0.8691 Low May 01 / 05
*SUP 3: 0.8671 Low Apr 30 and range base
*SUP 4: 0.8657 Low Mar 9
EURGBP struck multi-week highs Tuesday clearing resistance at 0.8814, May 5 high
and tested the 50-dma of 0.8848. More importantly, the cross is trading close to
the top of its current range at 0.8865, Apr 7 high. The base is at 0.8671, Mar
30 low. Clearance of the range high would highlight a bullish reversal and open
0.8911, Apr 1 high and 0.8972, Mar 31 high. For now though the cross remains
within the range, initial support lies at 0.8759, yesterday's low.

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