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Flirting With Trendline.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Flirting With Trendline Support-Turned-Resistance
After clearing the up trendline support turned resistance around the 0.8700
level on Tuesday, EURGBP has flirted with this level again with resistance being
found around the Jan 17 low at 0.8764 into focus. The outlook appears short-term
neutral but medium-term bearish. A break back below 0.8700 would suggest a
return to Friday's low of 0.8617. Below here would open a run at the 0.85 level.
To the topside, above 0.8764 opens the 200-dma at 0.8866.

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