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Jan 17 Lows Cap Gains EURGBP....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Jan 17 Lows Cap Gains
EURGBP was unable to break cleanly above the Jan 17 lows at 0.8764 which saw
recent recovery efforts give way to renewed weakness bringing the 0.8700 level
back into play. Below here would suggest a return to Friday's ytd low of 0.8617,
opening the potential of a run at the 0.85 level. Bulls need to close above
yesterday's high at 0.8766 to open the 200-dma at 0.8866. 

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