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Bulls Closing in on 0.8600......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Closing in on 0.8600
EURGBP is looking to form a base and is set to register its third straight
session of gains. Bulls target a close above the 55-dma and 0.86 level to extend
the uptrend. The 21-dma is placed behind at 0.8617, ahead of the Apr 30 high &
cloud top at 0.8652/68. Bears need a close below 0.85 to open the YTD Mar 13 low
at 0.8472. Any fall through here would see key Fib support tested at the 0.8468
level, marking the 38.2% retracement of the 0.6936 - 0.9415 range.

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