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Friday's Gains Take Out.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Friday's Gains Take Out 100-DMA
Friday's rally allowed bulls to take out both the 100-dma and down trendline
resistance from the Aug 28 peak, shifting the outlook positive. The next upside
target comes in at the Oct 30 high at 0.8939. Bears need to push back below the
100-dma at 0.8882 to challenge the 200-dma at 0.8835. Below here would return
the focus to the downside and target the 0.8700 level, before turning attention
towards Tuesday's multi-month lows of 0.8656.

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