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Softer Just Above Key Support...>

EURO-STERLING TECHS: Softer Just Above Key Support
*RES 4: 0.8988 High Mar 30
*RES 3: 0.8911 High Apr 1
*RES 2: 0.8864/65 High Apr 21 / High Apr 7 and key near-term resistance
*RES 1: 0.8781 High Feb 23
*PRICE: 0.8711 @ 16:26 BST Apr 28
*SUP 1: 0.8682 Low Apr 14 and bear trigger
*SUP 2: 0.8657 Low Mar 9
*SUP 3: 0.8621 Low Mar 5 and a key support
*SUP 4: 0.8592 76.6% retracement of the Feb - Mar rally
EURGBP continues to trade just ahead of key support at 0.8682, Apr 14 low. For
the bearish theme to be cemented, the cross needs to clear this 0.8682 support.
A move below would expose 0.8621 again, Mar 5 low. On the upside, key resistance
remains 0.8865, Apr 7 high which represents a short-term hurdle for bulls. A
break is required to signal a reversal and open 0.8911, Apr 1 high and
potentially beyond.

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