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Consolidating Gains EURGBP......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Consolidating Gains
EURGBP resumed the uptrend after bouncing off the 0.8900 level to consolidate
around the 0.8940/50 area. Bulls now need to reclaim the 0.9000 area to
challenge 0.9031/33. Above here targets the 2% volatility band at 0.9117. 0.8880
remains the near-term support area and a break below here would change the
picture. A close below 0.8855 would cement any bearish outlook before any
challenge on the 200-dma at 0.8825.

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