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Off Cycle Lows EURGBP touched...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Off Cycle Lows
EURGBP touched multi-month lows of 0.8472 yesterday, before extending the
recovery back above 0.8500. Despite this, the broader bearish trend remains
intact with downside focus on a break of the long-term 38.2% retracement level
at 0.8468, lending further weight to the large topping pattern. Bulls need a
close above the 0.85 level to build on momentum and open the 200-hma at 0.8588.

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