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This morning's EURGBP rebounds is.....>

EURO-STERLING
EURO-STERLING: This morning's EURGBP rebounds is triggering renewed bullish
momentum signals. Initial down trendline resistance has also been breached,
although more medium term trend indicators are yet to respond. Stabilising above
the key 0.8700 level starts to change the medium term technical picture,
suggesting a significant bottom has been established. Initial focus will switch
to the medium term pivotal 0.8779/0.8796 area. Corrective pullbacks need to hold
0.8682 to maintain the improved technical picture.

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