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55-DMA Underpins The 55-dma.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 55-DMA Underpins
The 55-dma continues to define support for EURGBP with bulls looking to use this
area as a platform to push above the April 23 high at 0.8682 and return the
focus to the 0.8700 level. Above here would bring the March 23 high & 100-dma
back into view at 0.8723/39. A close below the 55-dma at 0.8620 would reignite
downside momentum toward the 0.8600 handle, opening the Apr 5 low & 61.8%
retracement level at 0.8557/54.

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