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0.90 Level Elusive For Bulls....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 0.90 Level Elusive For Bulls
Despite briefly trading above 0.90 again today, this level continues to hold on
a closing basis. Above here opens a run at the heavily congested 0.9090/00 zone
for the next leg higher. This area also holds the GBPEUR equivalent of E1.10
which is seen as a key psychological level. Bears initially need to clear the
50% retracement level at 0.8949 to change the short-term outlook. A break of the
100-dma at 0.8893 would confirm a reversal pattern, opening the 200-dma & Nov 28
low at 0.8841/10.

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