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Base Formed Ahead Of 0.85.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Base Formed Ahead Of 0.85
EURGBP based ahead of the 0.85 level yesterday, with recovery efforts extending
toward 0.8560. To mount an upside reversal bulls need to clear the 50-dma at
0.8645, before challenging the Mar 21 high & 38.2% retracement level at
0.8723/29. Bears need a close back under 0.8500 to extend the broader downtrend,
opening the Mar 27/Mar 13 lows at 0.8483/72.

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