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55-DMA And Channel Top Remain...>

EURO-STERLING TECHS
EURO-STERLING TECHS: 55-DMA And Channel Top Remain Intact
EURGBP posted marginal new highs yesterday but was unable to close above the
55-dma & channel top resistance at 0.8644/50. Bulls need to overcome this area
before targeting a run at the 0.87 level and the March 21 high at 0.8723. Bears
need to clear the Apr 5 low & 61.8% retracement level at 0.8557/54, before
making a challenge of the 0.85 level to extend the broader downtrend.

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