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100-DMA Remains Key.............>

EURO-STERLING TECHS
EURO-STERLING TECHS: 100-DMA Remains Key Resistance
*RES 4: Gbp0.8854 55-WMA 
*RES 3: Gbp0.8849 200-DMA 
*RES 2: Gbp0.8793 100-DMA 
*RES 1: Gbp0.8750 Hourly resistance May 28
*PRICE: Gbp0.8703 @ 0430GMT
*SUP 1: Gbp0.8694 Hourly support May 30, Bollinger band base 
*SUP 2: Gbp0.8678 Low Apr 26 
*SUP 3: Gbp0.8664 Hourly breakout level Apr 18 
*SUP 4: Gbp0.8618 2018 Low Apr 17
*COMMENTARY: Bears take comfort in the 100-DMA capping attempts to rally with
immediate focus back on the Gbp0.8664-78 support region. Bears now need a close
below Gbp0.8664 to add weight to the case for a test of 2018 lows. The Bollinger
base is the key concern for bears and currently supports. Bulls now need a close
above Gbp0.8750 to gain breathing room and above the 100-DMA to return initial
pressure to Gbp0.8849-0.8904 where the 55-WMA & 200-DMA are located.

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