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: 0.8566 @ 05:41 GMT Nov 14

*SUP 1: 0.8558 Low 11 and 12 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 is consolidating following a shift lower Monday that saw the cross break

out of the range that had dominated since Oct 17. The break lower confirms the

bear flag price pattern that marked the consolidation 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. First resistance is at 0.8630, Nov 8

high.