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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: 0.8536 @ 10:32 GMT Nov 29
*SUP 1: 0.8500 Low Nov 28
*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 outlook remains bearish following Wednesday's breach of support at
0.8522, Nov 18 low that confirmed a resumption of the broader downtrend. The
move lower paves the way for a test of 0.8491, May 6 low where a break would
also open 0.8473, Mar 13 low. Note, a 0.8473 print would represent a 100%
retracement of the entire May 6 - Aug 12 rally. Key resistance has been defined
at 0.8605, Nov 22 high.

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