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Consolidating Above 55-DMA......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Consolidating Above 55-DMA
EURGBP closed above its 55-dma yesterday, with the uptrend extending to 0.8681.
Bulls now target the Mar 22 high at 0.8684, while a topside break of 0.8700
brings the March 23 high back into view at 0.8723. The 100-dma & 50% retracement
of 2019 range are placed behind at 0.8765/91. Bears look for a move back under
0.8600 to extend the downtrend toward the Apr 5 low & 61.8% retracement level at
0.8557/54.

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