Must hold 0.8900 To Maintain....>

EURO-STERLING TECHS: Must hold 0.8900 To Maintain Bullish Picture

EURGBP's spike higher has failed to generate any additional bullish momentum,

suggesting caution with the current recovery. Holding above 0.8900 remains

essential to maintain the constructive picture allowing a move to 0.8958.

However, a slip back below 0.8900 would undo the bullish signals over the past

two days, risking a decline back to the lower end of the ascending channel,

where the trend line support currently intervenes at 0.8880.