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200-DMA Key EURGBP continued....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 200-DMA Key
EURGBP continued its run and has now posted gains for 12 straight days. Rate
extended through the 200-dma to GBP0.8809, a key technical level not closed
above since mid-Jan. Bulls need a positive close to cement the uptrend, opening
the 100-wma & Feb 14 high at 0.8836/40. Bears look for a return toward 0.8700 &
the 100-dma to stabilise the outlook, before challenging the 55-dma down at
0.8618.

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