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Stuck in The Range EURGBP.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stuck in The Range
EURGBP breached the 0.87 level yesterday for the first time since Feb 22, but
has since given back gains. Poor EZ PMI data was the catalyst, pressuring the
cross to extended pullback lows of 0.8613. A weekly close below 0.86 would see
bears regain control, targeting the Mar 19 low at 0.8534, ahead of a run at the
ytd low at 0.8472. Bulls need to recover 0.87 to put the focus back on the
topside, opening the potential of a return to the 100 & 200-dma's at 0.8804/45.

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