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EURO-STERLING TECHS: Bearish Outlook
Despite briefly trading back above 0.87, recovery efforts have so far remained
shallow to keep the recent downtrend intact. Bears focus on yesterday's
multi-month lows of 0.8656, below here opens the ytd low at 0.8621, ahead of
reported option-related support at 0.86. Bulls need to recover the 50% Fibo of
the recent downtrend & 200-dma at 0.8798/0.8834, before turning attention toward
the 100-dma at 0.8881.