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Bears Fail Below 0.8750 The.....>

EURO-STERLING TECHS: Bears Fail Below 0.8750
The rate failed to consolidate below 0.8750 on Monday, rebounding to close above
the Jan 17 low, after a brief look above on Friday. Bulls now need to clear
Friday's high at 0.8793 to bring the 200-dma into view at 0.8866, a break opens
the 100-dma & cloud base at 0.8868/72. Bears continue to look for a close below
0.8750 to regain control and target the 0.8700 area ahead of the Jan 25 ytd low
of 0.8617.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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