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Attempting to Break Higher......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Attempting to Break Higher
EURGBP is trying to break higher but currently failing to close above the 38.2%
retracement from 0.8621-0.9099 at 0.8916. EURGBP is stuck between support from
the broken down trendline and 100-dma at 0.8884 and resistance at 0.8916.Bulls
need to break above Monday's high at 0.8932 to reignite upside momentum and
target the October highs at 0.8940. A close below the 100-dma would suggest a
potential bearish reversal, opening the 200-dma at 0.8835 ahead of a return to
the 0.8700 level.

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