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20-day EMA at 0.8872 marks......>

EURO-STERLING TECHS
EURO-STERLING TECHS: 20-day EMA at 0.8872 marks general area of support:
*RES 4: 0.9092 High Jan 3 and major resistance
*RES 3: 0.9061 High Jan 11
*RES 2: 0.9000 Psychological round number
*RES 1: 0.8974 High Jun 18
*PRICE: 0.8925 @ 04:024 GMT June 24
*SUP 1: 0.8871 Low May 12 and 20-day EMA
*SUP 2: 0.8869 20-day EMA and general key support area
*SUP 3: 0.8827 Low Jun 6
*SUP 4: 0.8782 200-DMA
EURGBP pushed higher Thursday and repeated the performance Friday, setting up
bulls well for the coming week. A close above the 0.8900 handle keeps momentum
tilted higher, allowing markets to re-target the Jun 18 high of 0.8974. 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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