The cross has touched a high....>

EURO-STERLING TECHS: The cross has touched a high of 0.8914 today. A broader

bullish puzzle is slowly coming together. Before long the cross could be back at

0.9000 and more importantly 0.9300: Key technical factors are:

- Early March gains through 0.8596, Jan 14 high confirmed an important price

swing and a potential M/T reversal.

- The cross last week held above this breakout level, a positive development and

this week's gains confirm a resumption of the uptrend.

- These recent developments are significant as they follow a failed attempt in

Dec and Feb to clear the base of a broad range that has dominated since Oct

2016. The range is defined by the 0.9305 / 0.8305 parameters.

- The reversal off the range base was confirmed by a double bottom price pattern

on Feb 28. The patterns objective of 0.8915 is now within reach.

- Key support has been defined at 0.8621, Mar 5 low.

- All signs point to a continued rally beyond 0.9000 and towards the range top.

- A pullback if seen, would likely represent a correction. See chart:

https://emedia.marketnews.com/marketnewsintl/EURGBPDOUBLEBOTTOM.png