Softer, but Still Heading.......>

EURO-STERLING TECHS: Softer, but Still Heading North

*RES 4: 0.9184 61.8% Fibonacci retracement of the Mar - Apr decline

*RES 3: 0.9176 High Jun 29 and the bull trigger

*RES 2: 0.9145 High Jun 30

*RES 1: 0.9113 High Jul 14

*PRICE: 0.9058 @ 16:32 BST Jul 15

*SUP 1: 0.9028 Low Jul 14

*SUP 2: 0.8938 Low Jul 10 and the key near-term support

*SUP 3: 0.8912 Low Jun 16

*SUP 4: 0.8883 Low Jun 10

EURGBP rallied Tuesday for a second session to show above the 0.9100 handle and

remains bullish. In Japanese candle terms, Monday's activity is a bullish

engulfing pattern and follows Friday's doji candle candle. Together they suggest

a base has likely been defined at Friday's 0.8938 low. Also, the recovery has

occurred off the 50-day EMA signalling scope for a move higher near-term. The

focus is on 0.9145. Jun 30 high. Key support is at 0.8938.