Testing Channel Top: *RES 4:....>

EURO-STERLING TECHS: Testing Channel Top:

*RES 4: 0.9015 High Sep 9

*RES 3: 0.8975 High Sep 13

*RES 2: 0.8969 100-dma

*RES 1: 0.8937 High Oct 1

*PRICE: 0.8902 @ 09:13 GMT Oct 2

*SUP 1: 0.8832 Low Sep 30

*SUP 2: 0.8803 Low Sep 25

*SUP 3: 0.8787 Low Sep 19 and bear trigger

*SUP 4: 0.8772 Low May 22

EURGBP is firmer this morning testing the top of the broad channel drawn off the

Aug 12 high, that intersects at 0.8918. With the channel top probed yesterday,

today's focus is on whether the cross can clear yesterday's high of 0.8937. This

would confirm a breakout of the channel. If achieved, it would also signal a

trend reversal and open the 100 dma at 0.8969 initially and resistance at

0.8975, Sep 13 high would be exposed too. Support lies at 0.8832, Sep 30 low.