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100-DMA Now Capping *RES 4:.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 100-DMA Now Capping
*RES 4: Gbp0.8856 200-DMA 
*RES 3: Gbp0.8850 55-WMA 
*RES 2: Gbp0.8795 100-DMA 
*RES 1: Gbp0.8779 21-DMA
*PRICE: Gbp0.8754 @ 0430GMT
*SUP 1: Gbp0.8737 Low May 23 
*SUP 2: Gbp0.8710 Low May 17 
*SUP 3: Gbp0.8678 Low Apr 26 
*SUP 4: Gbp0.8664 Hourly breakout level Apr 18
*COMMENTARY: Bears take comfort in the 100-DMA capping Wednesday. Bulls now look
for a close above the 100-DMA to return initial pressure to Gbp0.8850-0.8904
where the 55-WMA & 200-DMA are located. The Gbp0.8710 support remains key this
week. Bears now need a close below this level to shift overall focus to retests
of 2018 lows with a close below Gbp0.8664 then needed to confirm.

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