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Trendline support holds: *RES...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Trendline support holds:
*RES 4: 0.9325 High Aug 12 and bull trigger
*RES 3: 0.9276 High Aug 14
*RES 2: 0.9184/9207 High Aug 22 / Low Aug 8
*RES 1: 0.9131 Key resistance
*PRICE: 0.9075 @ 08:13 GMT Aug 26
*SUP 1: 0.9029/44 Low Aug 22 / Trendline support drawn of the May 6 low
*SUP 2: 0.9006/00 38.2% retrace of May 6 - Aug 12 rally / Round number support
*SUP 3: 0.8946 Low Jul 26
*SUP 4: 0.8908/8892 50% retrace of May 6 - Aug 12 rally / Low Jul 25
EURGBP finds support at its trendline. The trendline is drawn off the May 6 low
and intersects at 0.9044 today. To strengthen the case for bulls however, the
cross needs to clear resistance at 0.9131 and 0.9184. The latter is the Aug 20
high. A move through this zone would open up scope for a climb back above
0.9200. A failure to hold above the trendline and break of 0.9029 would instead
call for an extension of the recent decline and open 0.9000 ahead of 0.8900.

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