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Rejection Tuesday away from the.......>

EURO-STERLING
MNI (London)
EURO-STERLING: Rejection Tuesday away from the base of the 1.0% 10-dma
envelope(low Gbp0.8865, base at time Gbp0.8862) has seen the cross edge back
toward its key 10-dma, currently coming through at Gbp0.8947, the rate touching
Gbp0.8931 Wednesday. Whilst rate holds below the 10-dma it is seen keeping the
underlying tone bearish with the base of the 1.0% envelope in view(current
Gbp0.8857). A break of the 10-dma can bring the top of the envelope back into
play, currently at Gbp0.9036. 
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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