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September 30, 2019 15:48 GMT

Retreats From Channel Top:......>

MNI Editorial

Edward Hardy

EURO-STERLING TECHS

EURO-STERLING TECHS: Retreats From Channel Top:

*RES 4: 0.9015 High Sep 9

*RES 3: 0.8975 High Sep 13

*RES 2: 0.8940 Channel resistance drawn off Aug 12 high

*RES 1: 0.8905 Intraday High

*PRICE: 0.8882 @ 15:46 GMT Sep 30

*SUP 1: 0.8832 Low Sep 30

*SUP 2: 0.8803 Low Sep 25

*SUP 3: 0.8787 Low Sep 19 and bear trigger

*SUP 4: 0.8772 Low May 22

After inching higher Friday and breaching 0.8894, the Sep 19 high, EUR/GBP

retreated in the Monday session, with the bearish trend targeting a return to

the recent low at 0.8787, Sep 20 low. A channel break out would alter the

picture signalling a trend reversal. To the upside, bear channel resistance

drawn off the Aug 12 high is at 0.8940 and represents the key hurdle for bulls

and primary resistance.

Foreign Exchange Technical Analysis Markets Foreign Exchange

MNI Editorial

Edward Hardy

Foreign Exchange Technical Analysis Markets Foreign Exchange

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