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200-DMA Now Turns To Support....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 200-DMA Now Turns To Support
After yesterday's break above it the 200-dma now acts as support at 0.8835 as
bulls look to build further upside momentum. The Oct 1 low at 0.8858 is
providing some resistance, preventing bulls from closing above 0.8850 yesterday.
A break above here would bring the 0.8916 level into focus (61.8% YTD
retracement). Bears now need a close back below the 200-dma to target the 0.8800
level needed to reignite downside momentum and open the Oct 10 low at 0.8723.

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