Cross was lifted to a high of.........>

EURO-STERLING: Cross was lifted to a high of Gbp0.8890 in Asian trade, as the

EUR gained a general boost from the migration agreement at the EU Leaders

Summit. Move has prompted some comment that rate has now confirmed its break out

of its recent Gbp0.8650-0.8850 range, and being month-end could see further

upside progress. However, the presence of the topside of the 1.0% envelope,

drawn around the 10-dma, at Gbp0.8893 has some technical traders suggesting the

overnight move could lose momentum. Cross has eased back to Gbp0.8865 at

writing. Support is seen at the earlier Asian low of Gbp0.8838 ahead of

Gbp0.8808/05(Jun28 low/10-dma). Resistance Gbp0.8898(Mar12 high) and into

Gbp0.8900 ahead of Gbp0.8911(1.618% swing of Gbp0.8837-Stg0.8717).