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Back Above 55-DMA Resistance....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Back Above 55-DMA Resistance
EURGBP cleared the 55-dma with gains extending through 0.8650. Bulls need a
close above here to open the 76.4% retracement level & Mar 22 high at 0.8666/84,
while a topside break of 0.8700 brings the March 23 high back into view at
0.8723. Bears look for a move back under 0.8600 to extend the downtrend toward
the Apr 5 low & 61.8% retracement level at 0.8557/54.

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