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Bulls Need To Hold 0.88.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Need To Hold 0.88
EURGBP challenged the 0.88 level Thursday and a close above would go a long way
to countering the recent downtrend. Bears need a close below 0.8750, opening the
Oct 10 low at 0.8723, ahead of the ytd low at 0.8620. Bulls continue to target
the 200-dma & Oct 14 high at 0.8836, this level also coincides with neckline
support and is seen a key area of resistance. Above here opens the 50%
retracement level & 100-dma at 0.8860/78.

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