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Consolidates Bullish Trend......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Consolidates Bullish Trend
EURGBP comfortably holds above 0.8950 to resume the bullish trend. Resistance
remains around the 0.9000 area, a break opens the August 9 high at 0.9031 and
major ascending channel top at 0.9047. Initial support is now placed at 0.8937.
Holding above here is essential to maintain the renewed bullish momentum. A
break below 0.8855 is needed to turn the medium term outlook bearish.

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