Sitting On The Channel Top:.....>

EURO-STERLING TECHS: Sitting On The Channel Top:

*RES 4: 0.9015 High Sep 9

*RES 3: 0.8975 High Sep 13

*RES 2: 0.8973 100-dma

*RES 1: 0.8937 High Oct 1 and reversal trigger

*PRICE: 0.8918 @ 15:31 GMT Oct 4

*SUP 1: 0.8832/33 Low Sep 30/100-dma

*SUP 2: 0.8803 Low Sep 25

*SUP 3: 0.8787 Low Sep 19 and bear trigger

*SUP 4: 0.8772 Low May 22

The cross rose to challenge, but ultimately failed to pierce the top of the

broad channel drawn off the Aug 12 high again Friday. The channel top intersects

at 0.8896 and remains key resistance. Headed into the new week, it's likely to

retain focus. Furthermore, a break of 0.8937, Oct 1 high is also required to

reinforce any breakout and would confirm a reversal. Support is at 0.8832, a

move back below would instead highlight a resumption of the downtrend.