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EURO-STERLING TECHS: 200-DMA Broken
EURGBP has broken above its 200-dma at 0.8835, but is currently holding below
the 50% retracement from YTD lows to highs. A break above this level brings the
0.8916 level into focus (61.8% YTD retracement). Bears now need a close below
0.8800 to reignite downside momentum and open the Oct 10 low at 0.8723, ahead of
the ytd low at 0.8620.