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Recovery off Friday's extended........>

EURO-STERLING
MNI (London)
EURO-STERLING: Recovery off Friday's extended pullback low of Gbp0.9090(off its
Aug12 high of Gbp0.9324) extended to Gbp0.9170 Monday only to drop back to
Gbp0.9128 into the close, though managed to hold just within its 1.0% 10-dma
envelope base at Gbp0.9127. The base of the envelope comes in currently at
Gbp0.9121. Rate slowly edged its way higher through Asia and into Europe to
Gbp0.9146. Resistance remains at Gbp0.9170/80 ahead of the 10-dma at Gbp0.9213.
Support into Gbp0.9120 ahead of Gbp0.9090. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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