Still Vulnerable *RES 4:........>

EURO-STERLING TECHS: Still Vulnerable

*RES 4: 0.8751 High Oct 15

*RES 3: 0.8717 High Oct 16 and key near-term resistance

*RES 2: 0.8676 High Oct 24

*RES 1: 0.8630 High Nov 8

*PRICE: 0.8578 @ 10:14 GMT Nov 13

*SUP 1: 0.8558 Intraday low / Low May 8 Low Oct 17 and bear trigger

*SUP 2: 0.8491 Low May 6 and major support

*SUP 3: 0.8482 1.000 projection of Aug 12 - Sep 20 decline from Oct 10 high

*SUP 4: 0.8473 - Low Mar 13 primary support

EURGBP continues to remain vulnerable following Mondays range breakout that had

dominated price action since Oct 17. The break lower confirms the recent period

of consolidation as a bear flag price pattern and, the move lower confirms a

resumption of the downtrend that began on Aug 12. Attention shifts to the next

key support at 0.8491, May 6 low and also the next major support handle. First

resistance is at 0.8630, Nov 8 high.