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0.8850 in View EURGBP peaked....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 0.8850 in View
EURGBP peaked at 0.8841 yesterday, before paring light gains. Despite this,
pullbacks have so far remained shallow and keeps topside focus on Friday's high
& the 50% retracement of 0.9415-0.8305 at 0.8850/60. Above here would extend the
uptrend towards the Jan 16 high at 0.8889, ahead of a run at the 0.89 level.
Bears need a close back under the 200-dma at 0.8789 to stabilise the outlook,
before focusing on a return to 0.8700 & the 100-dma which crosses at 0.8676.

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