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Bulls Look To Close Back........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Look To Close Back Above 0.90
EURGBP reversed back through 0.90 last week but remained clear of the prior
range highs. Bulls look to recover the 0.90 level on a closing basis to reignite
upside momentum before focusing on the heavily congested 0.9090/00 zone for the
next leg higher. This area also holds the GBPEUR equivalent of E1.10 which is
seen as a key psychological level. Bears continue to target a break of the
100-dma at 0.8892 to confirm a reversal pattern, opening the Nov 28 low at
0.8810. 

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