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Closed Above 200-DMA EURGBP.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Closed Above 200-DMA
EURGBP posted its 13th straight session of gains yesterday taking out the
200-dma (first time since mid-Jan) & 0.88 level with ease. The uptrend extended
to 0.8840 and brings the 50% retracement of 0.9415-0.8305 into view at 0.8860.
Above here opens the Jan 16 high at 0.8889 & 0.89 level. Bears need a close back
under the 200-dma at 0.8792, before focusing on a return to 0.8700 & the 100-dma
which crosses at 0.8682.

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