Still Looking For A Bearish.....>

EURO-STERLING TECHS: Still Looking For A Bearish Break

*RES 4: 0.8787 Low Sep 20 and former breakout point

*RES 3: 0.8751 High Oct 15

*RES 2: 0.8717 High Oct 16 and key near-term resistance

*RES 1: 0.8676 High Oct 24

*PRICE: 0.8615 @ 05:47 GMT Nov 11

*SUP 1: 0.8576 Low Oct 17 and bear trigger

*SUP 2: 0.8558 Low May 8

*SUP 3: 0.8491 Low May 6 and major support

*SUP 4: 0.8482 1.000 projection of Aug 12 - Sep 20 decline from Oct 10 high

EURGBP continues to trade sideways and within its range. This consolidation

still retains a bear flag shape, a continuation pattern that if correct,

highlights the likelihood the cross will depreciate near-term. We are still

monitoring the candle patterns on Oct 16/17, two long-legged doji formations.

They are potentially basing signals however, a breach of 0.8717 is required to

reinforce this and signal a reversal. For now, the focus is on a bearish break.