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Comfortably Above 0.8800........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Comfortably Above 0.8800
EURGBP touched pullback lows of 0.8775 at the open, before comfortably
recovering the 200-dma and 0.8800 level. This keeps the broader rally intact
with bulls looking to clear Friday's high & the 50% retracement of 0.9415-0.8305
at 0.8850/60. Above here would extend the uptrend towards the Jan 16 high at
0.8889, ahead of a run at the 0.89 level. Bears need a close back under the
200-dma at 0.8790 to stabilise the outlook, before focusing on a return to
0.8700 & the 100-dma which crosses at 0.8679.

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