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Closes Above 0.86 EURGBP........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Closes Above 0.86
EURGBP based ahead of ytd lows with the recovery allowing the rate to close
above 0.8600 on Thursday, which allows bulls to look to the Mar 21 low & 50-dma
at 0.8638/61, as well as pointing to the possible formation of a double bottom
pattern. Bears look for a close sub-0.8500 to bring the Mar 13 ytd low back into
view at 0.8472. 
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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