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Bulls Take Out 0.86 EURGBP......>

EURO-STERLING TECHS: Bulls Take Out 0.86
EURGBP has backed off from yesterday's highs at 0.8624 but remains above the
0.8600 level and the 55-dma at 0.8597. Bulls are in charge and look to
yesterday's high to strengthen the uptrend opening a move toward the Apr 30 high
& cloud top at 0.8652/68. Bears need a break 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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