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Key Support Zone Holds - For Now

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Watching The 50-Day EMA

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EURO-STERLING
MNI (London)
EURO-STERLING: Support between Gbp0.8700/0.8690 managed to hold the base and has
allowed the cross to recover back above its key 10-dma, which currently comes
through at Gbp0.8733. If rate can hold levels above at today's close it will
change the underlying tone to positive as well as expose the topside of its 1.0%
10-dma envelope currently coming through at Gbp0.8820. 
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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