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Topside Gains Capped Ahead of...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Topside Gains Capped Ahead of 0.86
Topside gains remain capped ahead of the 0.86 level which has seen EURGBP print
a bearish series of lower lows. Focus remains on the downside with the next area
of support at 0.8557/54 from the Apr 5 low & 61.8% retracement level. Below here
opens the Apr 4 low at 0.8519, ahead of a run at the psychological 0.85 handle.
To the upside, bulls need to recover the 55-dma at 0.8608, before returning the
focus to the Apr 23 high and 0.8700 level.

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