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Fails To Hold Above Channel.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Fails To Hold Above Channel Resistance
EURGBP failed to hold above ascending channel resistance with the subsequent
reversal dipping back under 0.9000. Bulls will look for a close above 0.9018 to
regain control and challenge the 0.9033 area. Bears need confirmation of the
move back below 0.90 and a drop to 0.8880 to shift the short-term outlook back
to neutral. A close below 0.8855 would see the outlook turn bearish before any
challenge on the 200-dma at 0.8822.

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