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50-DMA Caps Gains For Now.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: 50-DMA Caps Gains For Now
Despite comfortably recovering the 0.86 level yesterday the pair was unable to
break above its 50-dma at 0.8641, keeping the near term outlook neutral. Bulls
need a close above here to open a run at the 0.87 level, ahead of the Mar 21
high & 38.2% retracement at 0.8723/29. Bears look to clear the Apr 5 low & 61.8%
retracement level at 0.8557/54, before making a challenge of 0.85 to extend the
broader downtrend.

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