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200-dma Remains The Target .....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 200-dma Remains The Target 
EURGBP has now posted 11 up days in a row as bulls eye the 50% retracement of
the Jan-Mar fall & 200-dma at 0.8790/93. Above here would add further weight to
the uptrend opening the 100-wma & Feb 14 high at 0.8836/40. Bears need a close
back under 0.8700 & the 100-dma to stabilise the outlook, before returning the
focus to the 55-dma down at 0.8614.

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