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2-month Lows Failure to build...>

EURO-STERLING TECHS
EURO-STERLING TECHS: 2-month Lows
Failure to build on gains above 0.8900 suggests the recent downtrend remains
intact. Bears target the 100-dma/Aug 2 low at 0.8864/54 in a bid to build on
recent downside momentum, before challenging the 200-dma at 0.8838. Bulls now
need to close above 0.8950 to shift the short-term outlook back to neutral,
while a break above 0.9052 is needed to challenge the 0.9100 area which holds
the YTD high at 0.9098.

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