Takes a Leg Lower *RES 4:.......>

EURO-STERLING TECHS: Takes a Leg Lower

*RES 4: 0.8605 High Nov 22

*RES 3: 0.8596 High Jan 14 and bull trigger

*RES 2: 0.8554 High Jan 20

*RES 1: 0.8538 High Feb 4 and intraday bull trigger

*PRICE: 0.8448 @ 16:39 GMT Feb 10

*SUP 1: 0.8434 Low Feb 5

*SUP 2: 0.8387 Low Jan 31 and key intraday support

*SUP 3: 0.8356 Low Dec 17

*SUP 4: 0.8352 76.4% retracement of the Dec 13 - Jan 14 rally

EURGBP took a turn for the worse Monday, but key support at 0.8434 went

unchallenged. On Jan 3, the cross cleared resistance at 0.8488, Jan 30 high.

This signals scope for gains towards 0.8553, Jan 20 high ahead of key resistance

at 0.8596, the Jan 14 high. On the downside, firm support has been defined at

0.8387, the Jan 31 low. A break of this level is needed to instead reinstate our

recent bearish focus and open 0.8356, Dec 17 low and 0.8277, Dec 13 low.