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Bullish Structure Still In......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bullish Structure Still In Place
*RES 3: 0.8801 50.0% retracement of the Aug - Dec downleg
*RES 2: 0.8787 Low Sep 20
*RES 1: 0.8781 High Mar 10
*PRICE: 0.8753 @ 16:45 GMT Mar 10
*SUP 1: 0.8621 Low Mar 5
*SUP 2: 0.8595 Low Mar 2
*SUP 3: 0.8522 Low Feb 28
EURGBP inched higher in the late US session, printing a new weekly high at
0.8781, keeping bulls 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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