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Uptrend Intact The Thursday.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Uptrend Intact
The Thursday session saw the highest EUR/GBP rate since Jan21, keeping the
near-term bias tilted higher. Markets consolidated somewhat during the Friday
session, keeping key resistance sitting at the 100/200-dmas at 0.8857 and 0.8865
respectively. These levels come just below the 50-dma and Jan 16 high at
0.8886/89. On the downside 0.8725 is providing some support with the 0.87 level
providing the next target for bears. This comes ahead of a return to the Jan 25
ytd low at 0.8617.

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