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Breaking Higher EURGBP has......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Breaking Higher
EURGBP has broken to new highs extended the major uptrend through the 0.8958
July peak, sights are now likely set on the 0.8968 high. A break above here
would open the way to 0.9033. The upper end of the major ascending channel
intervenes at 0.8993. Bears need to break back below 0.8880 to shift the
short-term outlook back to neutral, and a close below 0.8855 to turn the outlook
bearish.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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