Resumes The Downtrend *RES 4:...>

EURO-STERLING TECHS: Resumes The Downtrend

*RES 4: 0.8717 High Oct 16

*RES 3: 0.8676 High Oct 24 and a key upside trigger

*RES 2: 0.8630 High Nov 8

*RES 1: 0.8605 High Nov 22 and key near-term resistance

*PRICE: 0.8510 @ 05:41 GMT Nov 28

*SUP 1: 0.8500 Intraday low

*SUP 2: 0.8491 Low May 6 and major support

*SUP 3: 0.8482 1.00 projection of Aug 12 - Sep 20 decline from Oct 10 high

*SUP 4: 0.8473 - Low Mar 13 primary support

EURGBP traded lower yesterday breaching support at 0.8522, Nov 18 low and

confirming a resumption of the broader downtrend. The move lower paves the way

for a test of 0.8491, May 6 low where a break would also open 0.8473, Mar 13

low. Note, a 0.8473 print would represent a 100% retracement of the entire May 6

- Aug 12 rally. Key resistance has been defined at 0.8605, Nov 22 high.