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Weekly Bear Channel Top.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Weekly Bear Channel Top Capping
*RES 4: Gbp0.8904 Low Mar 8 now resistance 
*RES 3: Gbp0.8858 55-WMA 
*RES 2: Gbp0.8840 200-DMA 
*RES 1: Gbp0.8810 Weekly Bear channel top off 2017 High
*PRICE: Gbp0.8781 @ 0430GMT
*SUP 1: Gbp0.8750 55-DMA, Alternating hourly support/resistance 
*SUP 2: Gbp0.8724 Low June 1 
*SUP 3: Gbp0.8694 Hourly support May 30 
*SUP 4: Gbp0.8678 Low Apr 26
*COMMENTARY: Follow through on pops above the 100-DMA (Gbp0.8788) remains
lacking with the pair capped around the weekly bear channel top (Gbp0.8810) off
2017 highs last week. Pressure returning to the channel top is less than ideal
for bears. Bulls need a close above the 55-WMA to confirm a break of the channel
top and to shift initial focus back to 2018 highs. Bears continue to look for a
close below Gbp0.8694 to confirm a return in focus to tests of 2018 lows.

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