Recovers Off Tuesday's Low......>

EURO-STERLING TECHS: Recovers Off Tuesday's Low

*RES 4: 0.9184 61.8% Fibonacci retracement of the Mar - Apr decline

*RES 3: 0.9176 High Jun 29 and the bull trigger

*RES 2: 0.9145 High Jun 30

*RES 1: 0.9138 High Jul 20

*PRICE: 0.9072 @ 06:05 BST Jul 22

*SUP 1: 0.9001 Low Jul 21

*SUP 2: 0.8977 50-day EMA

*SUP 3: 0.8938 Low Jul 10 and the key near-term support

*SUP 4: 0.8912 Low Jun 16

EURGBP traded lower Monday and remained under pressure Tuesday but did find

support at the day low. The broader outlook remains bullish and the recent

pullback is likely a correction. Recent Japanese candle patterns highlighted a

reversal. Activity Jun 13 was a bullish engulfing pattern and followed a doji

candle on Jun 10. Together they signalled a reversal off 0.8938, Jun 10 low. The

focus is on 0.9145, Jun 30 high. Key support remains 0.8938, Jul 10 low.