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Sandwiched Between 55-DMA and...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Sandwiched Between 55-DMA and Mar22 High
EURGBP is sandwiched between the 55-dma at 0.8629 and the Mar22 high at 0.8684.
A move above 0.8700 is needed to strengthen the uptrend, bringing the March 23
high back into view at 0.8723. The 100-dma & 50% retracement of 2019 range are
placed behind at 0.8753/91. To regain the upper hand bears look for a close
below the 55-dma before targeting a break of the 0.8600 handle. Below here would
extend the downtrend toward the Apr 5 low & 61.8% retracement level at
0.8557/54.

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