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Bulls Run Out Of Steam, For.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Run Out Of Steam, For Now
Bullish exhaustion around the 0.89 level has allowed EURGBP to extend the
corrective pullback to current levels. Immediate downside focus on broken
pivotal resistance-turned-support at 0.8825. Below here opens a return to the
0.8800 level, ahead of the 200-dma at 0.8783. Bulls need to recover the 0.89
handle to bring the Dec 31 low back into view at 0.8927, a break opens the 76.4%
fibo of the Jan-Mar fall at 0.8958.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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