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Restoring Bullish Trend.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Restoring Bullish Trend
EURGBP has reversed sharply higher, returning to the major ascending channel. A
close above the 0.8880 trendline would leave just an intraday breach of
trendline support in place. The pace and the extent of the rebound have gone a
long way to repairing the recent technical damage to the uptrend. A break above
0.8936 would confirm that a bottom has been established and a resumption of the
uptrend is underway. Holding above 0.8880 is key to restoring the bullish
picture.

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