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200-DMA Needs to be Broken......>

EURO-STERLING TECHS
EURO-STERLING TECHS: 200-DMA Needs to be Broken for a Move Lower
EURGBP continues to its series of lower lows, with EURGBP hitting the 200-dma at
0.8835 in early Asian trading, ahead of the 50-dma at 0.8831. Falling below here
would see bears targeting the 0.8700 level, ahead of the Nov 13 low at 0.8656.
To move the outlook into more neutral territory, we need to close back above the
down trendline and 100-dma which come in at 0.8872/84. The 38.2% retracement of
0.8621-0.9099 at 0.8916 will provide resistance above here.

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