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Resting On 55-DMA EURGBP........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Resting On 55-DMA
EURGBP continues to respect resistance at the 55-dma which comes in today at
0.8640. Bulls need a close above here to open a move toward the 76.4%
retracement level & Mar 22 high at 0.8666/84, while a topside break of 0.8700
brings the March 23 high back into view at 0.8723. Bears look for a move back
under 0.8600 to extend the downtrend toward the Apr 5 low & 61.8% retracement
level at 0.8557/54.

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