Still Looking For A Break Higher

• RES 4: 0.9264 2.0% 10-dma envelope
• RES 3: 0.9184 61.8% Fibonacci retracement of the Mar - Apr decline
• RES 2: 0.9176 High Jun 29 and the bull trigger
• RES 1: 0.9148 High Jul 27
• PRICE: 0.9060 @ 16:41 BST Jul 28
• SUP 1: 0.9056 20-Day EMA
• SUP 2: 0.9001 Low Jul 21 and key near-term support
• SUP 3: 0.8996 50-day EMA
• SUP 4: 0.8938 Low Jul 10 and the key near-term support

EURGBP found support Jul 21 and defined a S/T base at 0.9001. The outlook
for now remains bullish. This follows recent Japanese candle patterns that
highlighted a reversal. Activity Jun 13, was a bullish engulfing and followed a
doji candle on Jun 10. Together they signalled a reversal off 0.8938, Jun 10
low. The focus is on 0.9145, Jun 30 high and 0.9176, Jun 29 high. A break
of 0.9001 would concern bulls.