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Downside Break Recovered .......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Downside Break Recovered 
EURGBP briefly broke below its 200-dma yesterday before a euro rally saw this
level recovered by the close to keep the outlook neutral. A close below the 200-
and 50-dmas will be required for bears to regain control. Conversely, a break
through the 100-dma to the upside would shift attention to a meaningful break
above the 38.2% retracement of 0.8621-0.9099 at 0.8916.

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