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Bulls Eye 0.8800 Euro...........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Eye 0.8800
Euro strength saw the pair head back above 0.8750 Thursday, a move that's
carried through to target 0.88 having broken above short-term down trendline
resistance from the Oct 3 high. However, the broader bearish trend remains
intact and a break back above the 200-dma at 0.8837 would be needed to change
this. A break below 0.8723 would mark a reignition of the the bearish trend,
initially targeting the May 30 lows at 0.8699.

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