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Bearish Trend EURGBP briefly....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bearish Trend
EURGBP briefly traded under the 0.87 level to keep the recent downtrend intact.
Bears focus now turns to the ytd low at 0.8621, a break here is expected to
accelerate the move toward option-related support at 0.8600. Bulls need to
recover the 50% fibo of the recent downtrend & 200-dma at 0.8818/37, before
turning attention toward the 100-dma at 0.8884.

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