Still Trading Just Above Key....>

EURO-STERLING TECHS: Still Trading Just Above Key Support

*RES 4: 0.8988 High Mar 30

*RES 3: 0.8911 High Apr 1

*RES 2: 0.8864/65 High Apr 21 / High Apr 7 and key near-term resistance

*RES 1: 0.8781 High Feb 23

*PRICE: 0.8711 @ 10:27 BST Apr 30

*SUP 1: 0.8682 Low Apr 14 and bear trigger

*SUP 2: 0.8657 Low Mar 9

*SUP 3: 0.8621 Low Mar 5 and a key support

*SUP 4: 0.8592 76.6% retracement of the Feb - Mar rally

EURGBP continues to trade just above key support at 0.8682, Apr 14 low. For the

bearish theme to be cemented, the cross needs to clear this 0.8682 support. A

move below would expose 0.8621 again, Mar 5 low. On the upside, key resistance

remains 0.8865, Apr 7 high which represents a short-term hurdle for bulls. A

break is required to signal a reversal and open 0.8911, Apr 1 high and

potentially beyond. Initial resistance is at 0.8781.