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55-dma Needs to Give Way for....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 55-dma Needs to Give Way for Bears to Regain Control
The broken channel top resistance-turned-support & 55-dma at 0.8627/17 are
holding for now, keeping the near term outlook neutral. Bulls need to clear
0.8700 to strengthen the uptrend and bring the March 23 high back into view at
0.8723. The 100-dma & 50% retracement of 2019 range are placed behind at
0.8750/91. To regain the upper hand bears look for a close below the 55-dma,
before targeting a break of the 0.8600 handle. Below here would extend the
downtrend toward the Apr 5 low & 61.8% retracement level at 0.8557/54.
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