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0.8860 Acting As Resistance Bulls.....>

EURO-STERLING
EURO-STERLING: 0.8860 Acting As Resistance
Bulls continue to test the 0.8860 50% YTD retracement with a close above here
likely to ignite fresh upside momentum and bring the 0.8916 level into focus
(61.8% YTD retracement). To the downside, the 200-dma is acting as support at
0.8835, with EURGBP closing above this level in the past two sessions. Bears
need a close back below the the 0.8800 level to reignite downside momentum but
dips continue to be bought suggesting the path of least resistance is higher.

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