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Upside Momentum Lacking.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Upside Momentum Lacking
EURGBP closed back below the 0.87 handle on Friday as upside momentum failed to
sustain, returning the focus to the downside. Bears initially target the Jan 25
ytd low at 0.8618, before challenging the 0.86 level. A break below here would
suggest a major topping pattern has been triggered. Bulls need a weekly close
above 0.87 to improve the outlook and target prior range lows around 0.8750.
Above here would bring the 0.88 level back into focus, ahead of the 100 &
200-dma's at 0.8848/63.

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