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Trading Closer To The Channel...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Trading Closer To The Channel Top:
*RES 4: 0.9015 High Sep 9
*RES 3: 0.8975 High Sep 13
*RES 2: 0.8940 Channel resistance drawn off Aug 12 high
*RES 1: 0.8905 Intraday High
*PRICE: 0.8882 @ 08:25 GMT Sep 30
*SUP 1: 0.8845 Low Sep 26
*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 inched higher Friday, breaching 0.8894, Sep 19 high to return sights on
the 0.8900 handle. Bear channel resistance drawn off the Aug 12 high is at
0.8940 and represents the key hurdle for bulls and primary resistance. While
prices trade below the channel top, the bearish trend remains intact with the
focus on a return to the recent low at 0.8787, Sep 20 low. A channel break out
would alter the picture signalling a trend reversal.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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