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Multi-month Lows Sterling's.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Multi-month Lows
Sterling's underlying buoyant tone pressured EURGBP to 0.8563, its lowest level
since May 2017. Recovery efforts have so far remained shallow with downside
focus on a break of the May 18 2017 low at 0.8524, ahead of the 38.2%
retracement & 200-wma at 0.8468/62. Bulls need to recover the 0.87 level to
improve the outlook and target prior range lows around 0.8750. Above here would
bring the 100 & 200-dma's back into view at 0.8847/62.

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