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Accelerating Downtrend..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Accelerating Downtrend
Failure to build above 0.86 has seen EURGBP accelerate the downtrend through
0.8575. This brings the Mar 4 low at 0.8558 back into view, ahead of the ytd Feb
27 low at 0.8529. While a break here adds further weight to the large topping
pattern. Bulls need to take out Tuesday's high & 38.2% retracement level at
0.8646/48, before challenging the 21-dma & Feb 25 high at 0.8678/99.

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