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55-DMA Continues To Act As......>

EURO-STERLING TECHS
EURO-STERLING TECHS: 55-DMA Continues To Act As Resistance
Despite EURUSD gains on Friday EURGBP was still unable to close above the key
55-dma which comes in at 0.8643. A close above here is needed to open a move
toward the 76.4% retracement level & Mar 22 high at 0.8666/84, while a topside
break of 0.8700 brings the March 23 high back into view at 0.8723. Bears need a
close back under 0.8600 to open the Apr 5 low & 61.8% retracement level at
0.8557/54.

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