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Still Likely To Remain Heavy....>

EURO-STERLING TECHS: Still Likely To Remain 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: 0.8567 @ 05:34 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
After suffering slightly in the Monday session, EURGBP founds its feet Tuesday.
A broader bearish outlook though remains in place 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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