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Tops 2016 High *RES 3: 0.9803...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Tops 2016 High
*RES 3: 0.9803 2009 and Alltime High
*RES 2: 0.9528 3.0% Upper Bollinger Band
*RES 1: 0.9439 High Mar 18
*PRICE: 0.9143 @ 18:02 GMT Mar 18
*SUP 1: 0.8985 Low Mar 16
*SUP 2: 0.8844 Low Mar 13
*SUP 3: 0.8774 Low Mar 12
The broad based and relentless GBP selling saw the cross crest at new cycle
highs having broken through the 2016 high. This keeps the cross EURGBP outright
bullish. The late Feb-early-Mar break of 0.8596, Jan 14 high, confirmed an
important swing in price that signalled a reversal. The cross early Mar also
held above this breakout level, a positive development and the subsequent rally
confirms the current bullish cycle. Trend conditions are in overbought territory
but not proving to be a threat to bulls just yet with parity now not out of the
question.

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