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200-DMA Hold Keeps Bears In.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 200-DMA Hold Keeps Bears In Control 
EURGBP's squeeze higher yesterday found major resistance at the 200-dma, which
saw the pair reverse earlier gains back to the 0.880 area, which is acting as
short-term support. Bulls need to break above the 200-dma,  which also coincides
with neckline support and is seen a key area of resistance. Below here bears
have the advantage, with the focus on the 0.8750 level ahead of the Oct 10 low
of 0.8723. 

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