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0.9060 Area Tough To Overcome...>

EURO-STERLING TECHS
EURO-STERLING TECHS: 0.9060 Area Tough To Overcome
EURGBP spikes as high as 0.9059 yesterday before running into selling pressure,
which keeps the near term outlook neutral. The 0.9060 area has proved tough to
overcome over the past month, and a close above here is needed to open the ytd
Jan 3 high at 0.9108. Below 0.90 puts downside focus on the Dec 31 low & 100-dma
at 0.8927/02, ahead of a run at the Dec 3 low & 200-dma at 0.8863/61.

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