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Testing Mid-November Lows.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Testing Mid-November Lows
Renewed GBP buoyancy further pressured the cross through 0.8750 and levels not
seen since mid-November. Near-term support is seen at 0.8723/22 from the Oct 10
low & 38.2% retracement of 0.7602-0.9415. A downside break of the Nov 13 low at
0.8656 strengthens the prospect of a large scale topping pattern, opening the
2018 low at 0.8620. Bulls need a close above the 200-dma at 0.8868 to extend the
uptrend, opening the heavily congested 0.9060/70 area, ahead of a run at the
2019 high at 0.9108.
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