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Bulls Target Jan 17 Low ........>

EURO-STERLING TECHS: Bulls Target Jan 17 Low 
Bulls were able to clear up trendline support turned resistance around the
0.8700 level yesterday to strengthen the recovery and bring the Jan 17 low at
0.8764 into focus. A break above here would open the 200-dma at 0.8866. The
bigger picture outlook remains bearish though and a break back below 0.8700
would suggest a return to Friday's low of 0.8617. Below here would open a run at
the 0.85 level.

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