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Soft *RES 4: 0.8911 High Apr....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Soft
*RES 4: 0.8911 High Apr 1
*RES 3: 0.8865 High Apr 7 and key near-term resistance
*RES 2: 0.8796 High Apr 13
*RES 1: 0.8746 High Apr 15
*PRICE: 0.8704 @ 10:23 BST Apr 17
*SUP 1: 0.8682 Low Apr 14 and intraday bear trigger
*SUP 2: 0.8657 Low Mar 9
*SUP 3: 0.8621 Low Mar 5 and a key support
*SUP 4: 0.870 76.4% retracement of the Fen 18 - Mar 19 rally
EURGBP remains bearish. This theme was reinforced Monday following the breach of
0.8725, Apr 9 low. The move lower confirmed a clear break of the key 0.8748
Fibonacci retracement, 61.8% of the Feb 18 - Mar 19 rally. With the downtrend
that started off the Mar 19 high intact, the focus is on an objective at 0.8621,
Mar 5 low. Key resistance has been defined at 0.8865, Apr 7 high. Initial
resistance is at 0.8746, Apr 15 high and 0.8796, high Apr 13.

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