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Challenging 0.87 Despite........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Challenging 0.87
Despite touching recovery highs of 0.8774 yesterday, EURGBP has given back all
of its gain to re-test the 0.87 level. Below here puts focus back on the Nov 8
low at 0.8690, ahead of the ytd low at 0.8621 and reported option-related
support at 0.86. Bulls need to recover the 50% Fibo of the recent downtrend &
200-dma at 0.8815/35, before turning attention toward the 100-dma at 0.8882.

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