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Month-end Flows Underpin........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Month-end Flows Underpin
Month-end sovereign demand extended through the previously hard to overcome
0.8850 level, before meeting resistance ahead of the 50% fibo of 0.9415-0.8305.
Bulls look for a close above 0.8860 to extend the uptrend towards the Jan 16
high at 0.8889. Bears need a break back under the 200-dma at 0.8787 to stabilise
the outlook, before focusing on a return to 0.8700 & the 100-dma which crosses
at 0.8673.

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