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Recovery Efforts Falter.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Recovery Efforts Falter
EURGBP was unable to sustain yesterday's gains keeping the downtrend firmly
intact and the focus on the ytd low at 0.8621. A break here is expected to
accelerate the move toward option-related support at 0.8600. Bulls need to
recover the 50% fibo of the recent downtrend & 200-dma at 0.8818/36, before
turning attention toward the 100-dma at 0.8883.

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