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Rejected Above 55-DMA Again.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Rejected Above 55-DMA Again
*RES 4: Gbp0.9033 High Oct 12 
*RES 3: Gbp0.9005 55-DMA 
*RES 2: Gbp0.8967 Hourly support Oct 19a now resistance 
*RES 1: Gbp0.8940 Hourly resistance Oct 20
*PRICE: Gbp0.8918 @ 0930GMT
*SUP 1: Gbp0.8888 21-DMA 
*SUP 2: Gbp0.8856 Low Oct 16 
*SUP 3: Gbp0.8801 Low Oct 2 
*SUP 4: Gbp0.8746 Monthly Low Sept 27
*COMMENTARY: Bulls failed to gain traction above the 55-DMA with the sell-off
Friday leaving the pair looking heavy and focus back on Gbp0.8854-88 where the
bull channel base and 21-DMA are situated. Bears now need a close below
Gbp0.8856 to shift focus back to Gbp0.8726-47 where monthly lows, the 55-WMA &
200-DMA are noted. Bulls need a close above Gbp0.8967 to ears bearish pressure
and above Gbp0.9048 to end bearish hopes and shift focus to Gbp0.9107-0.9202.

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