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Approaching 0.86 EURGBP based...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Approaching 0.86
EURGBP based ahead of ytd lows yesterday with the recovery extending back
through 0.8580. Bulls need a close above the 0.8600 level to stabilise the
outlook, opening the Mar 21 low & 50-dma at 0.8638/64. Bears look for a close
sub-0.8500 to bring the Mar 13 ytd low back into view at 0.8472 and give more
weight to the large topping pattern.

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