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0.8869/72 Key support: *RES.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 0.8869/72 Key support:
*RES 4: 0.9092 High Jan 3 and major resistance
*RES 3: 0.9062 High Jan 11
*RES 2: 0.9000 Psychological round number
*RES 1: 0.8975 High Jun 18
*PRICE: 0.8945 @ 08:55 GMT June 24
*SUP 1: 0.8908 100-hma
*SUP 2: 0.8871 Low May 12 and 50-day EMA
*SUP 3: 0.8869 20-day EMA and general key support area
*SUP 3: 0.8830 Low Jun 6
EURGBP pushed higher Thursday and repeated the performance Friday, setting up
bulls well for the coming week. Consolidation above the 0.8900 handle keeps
momentum tilted higher, allowing markets to re-target the Jun 18 high of 0.8975.
On the downside, the 50D EMA intersects at 0.8872. This area represents a
support where bullish interest should develop if retested. A failure to hold
above the 0.8870 area would instead reinforce a bearish argument.

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