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0.8750 Recovered Euro...........>

EURO-STERLING TECHS: 0.8750 Recovered
Euro strength saw the pair head back above 0.8750 yesterday, breaking above
short-term down trendline resistance from the Oct 3 high. However, the broader
bearish trend remains intact and a break back above the 200-dma at 0.8837 would
be needed to change this. A break below 0.8723 would mark a reignition of the
the bearish trend, initially targeting the May 30 lows at 0.8699.

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