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Bullish Structure Still In......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bullish Structure Still In Place
*RES 4: 0.8869 High Oct 11
*RES 3: 0.8801 50.0% retracement of the Aug - Dec downleg
*RES 2: 0.8787 Low Sep 20
*RES 1: 0.8770 High Mar 9
*PRICE: 0.8690 @ 09:36 GMT Mar 10
*SUP 1: 0.8621 Low Mar 5
*SUP 2: 0.8595 Low Mar 2
*SUP 3: 0.8522 Low Feb 28
*SUP 4: 0.8511 50-day EMA
EURGBP is consolidating but bulls remain in the driving seat. Gains in early
March resulted in the break of 0.8596, Jan 14 high confirming an important swing
in price action that also signals a potential significant M/T reversal. Price
last week held above this breakout level, a positive development and yesterday
registered a break of the Mar 3 high of 0.8745 confirming a resumption of the
current uptrend. The focus is 0.8801 next, a Fibonacci retracement.

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