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Bullish Trend In Tact Despite...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bullish Trend In Tact
Despite closing near the highs on Friday, EURGBP pulled back slightly Monday,
but Aug17 lows never looked threatened, keeping bulls in control for now.
Resistance remains around the 0.9000 area, a break opens the August 9 high at
0.9031 and major ascending channel top at 0.9047. Initial support is now placed
at 0.8937. Holding above here is essential to maintain the renewed bullish
momentum. A break below 0.8855 is needed to turn the medium term outlook
bearish.

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