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Supports Hold *RES 4: 0.9187....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Supports Hold
*RES 4: 0.9187 61.8% Fibonacci retracement of the Mar - Apr decline
*RES 3: 0.9086 50.0% Fibonacci retracement of the Mar - Apr decline
*RES 2: 0.9057 Double bottom projection
*RES 1: 0.9024/55 High Jun 1 / High May 29
*PRICE: 0.8905 @ 05:43 BST Jun 3
*SUP 1: 0.8867 Low Jun 2
*SUP 2: 0.8861 1.0% Lower 10-dma envelope
*SUP 3: 0.8839 50-day EMA
*SUP 4: 0.8826 Low May 14 and key near-term support
EURGBP found resistance at 0.9055 last week, May 29 high and this has led to a
strong sell-off. Support at 0.8881 was probed yesterday however the cross
recovered off the day low. The next key support to watch lies at 0.8839, the
50-day EMA. For now, a bullish focus remains in place with attention on 0.9086
next, a Fibonacci retracement. On the downside, a break through the 0.8867/37
zone however would instead likely trigger a stronger bearish signal.

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