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Finely Balanced EURGBP..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Finely Balanced
EURGBP extended the recovery to 0.8556, before meeting resistance from
yesterday's high. This level has so far proved hard to overcome, with a break
here needed to challenge the 55-dma & 0.86 level. Bears look for a close below
0.85 to open the YTD Mar 13 low at 0.8472. Any fall through here would see key
Fib support tested at the 0.8468 level, marking the 38.2% retracement of the
0.6936 - 0.9415 range.

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