Still Defying Gravity *RES 4:...>

EURO-STERLING TECHS: Still Defying Gravity

*RES 4: 0.9251 High Aug 15

*RES 3: 0.9195 High Aug 16

*RES 2: 0.9184 High Aug 20 2019

*RES 1: 0.9150 High Mar 16

*PRICE: 0.9109 @ 16:48 GMT Mar 17

*SUP 1: 0.9985 Low Mar 16

*SUP 2: 0.8844 Low Mar 13

*SUP 3: 0.8774 Low Mar 12

*SUP 4: 0.8681 Low Mar 10

EURGBP remains bullish. The late Feb-early-Mar break through 0.8596, Jan 14 high

confirmed an important swing in price that signalled a reversal. The cross early

Mar also held above this breakout level, a positive development and the

subsequent rally confirms the current bullish cycle. Trend conditions are in

overbought territory but not proving to be a threat to bulls just yet. The focus

is on 0.9195 next. The cross is also approaching the major range top at 0.9300.