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Developing Bullish Tone.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Developing Bullish Tone
EURGBP is starting to develop a bullish tone on an intraday and cloud basis,
suggesting the major uptrend is set to continue. A re-test of the recent highs
at 0.8958 and major resistance at 0.8968 is now expected. A further break above
here will open upside potential towards the upper end of the major ascending
channel, where the trendline resistance intervenes at the 0.8990 level. On the
downside, bears need to break back below the bottom of the near-term ascending
channel, which comes in at 0.8880, to shift the short-term outlook back to
neutral, and a close below 0.8855 to turn the outlook bearish.
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