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0.87 In Focus The rate made.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 0.87 In Focus
The rate made light work of Wednesday's highs at 0.8750 throughout the European
morning, helping repair the (still bearish) outlook. A break below 0.8723 level
will mark a reignition of the the bearish trend, initially targeting the May 30
lows at 0.8699. To change the picture, bulls need to recover the 200-dma,
currently at 0.8837, but the bears are in control for now.

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