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21-DMA Remains Key Support......>

EURO-STERLING TECHS
EURO-STERLING TECHS: 21-DMA Remains Key Support
*RES 4: Gbp0.8877 200-DMA 
*RES 3: Gbp0.8844 High May 4 
*RES 2: Gbp0.8810 100-DMA 
*RES 1: Gbp0.8798 Hourly resistance May 7
*PRICE: Gbp0.8793 @ 0430GMT
*SUP 1: Gbp0.8776 Low May 7 
*SUP 2: Gbp0.8752 Hourly support Apr 27
*SUP 3: Gbp0.8745 21-DMA 
*SUP 4: Gbp0.8678 Low Apr 26
*COMMENTARY: Hesitation around the 55-WMA (Gbp0.8838) appears to be impacting
with a sell-off Monday that sees focus back on the 21-DMA. Bears need a close
below the 21-DMA to shift focus back to Gbp0.8664-78. Correcting O/B studies
remain the key concern for bulls. In saying that, bulls now need a close above
the 100-DMA to gain breathing room. Bulls need a close above Gbp0.8844 to
confirm a break of the 55-WMA and hint at a move back to 2018 highs.

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