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Still Heavy *RES 4: 0.8717......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Still Heavy
*RES 4: 0.8717 High Oct 16
*RES 3: 0.8676 High Oct 24 and a key upside trigger
*RES 2: 0.8630 High Nov 8
*RES 1: 0.8605 High Nov 22 and key near-term resistance
*PRICE: 0.8551 @ 10:33 GMT Nov 27
*SUP 1: 0.8522 Low Nov 18
*SUP 2: 0.8491 Low May 6 and major support
*SUP 3: 0.8482 1.00 projection of Aug 12 - Sep 20 decline from Oct 10 high
*SUP 4: 0.8473 - Low Mar 13 primary support
EURGBP is consolidating below 0.8600. A broader bearish outlook remains in place
though and the immediate focus is still on support at 0.8522, Nov 18 low. The
break of 0.8576, Oct 17 low on Nov 11 confirmed a range breakout and a
resumption of the downtrend. Scope is for a move to 0.8491, May 6 low where a
break would open 0.8473, Mar 13 low. Resistance has been defined at 0.8605, Nov
22 high.

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