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Topside Capped Ahead of.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Topside Capped Ahead of 0.8950
Yesterday's failed break of 0.8950 has seen EURGBP lack direction through
Europe, held to a narrow 0.8895-0.8930 range. The short-term outlook remains
neutral with bulls needing to clear the 50% retracement level at 0.8964, ahead
of resistance on approach to the psychological 0.90 level. The 100-dma provides
support at 0.8886, below here opens the 200-dma & Nov 28 low at 0.8837/10.

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