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5-Month Low EURGBP extends......>

EURO-STERLING TECHS
EURO-STERLING TECHS: 5-Month Low
EURGBP extends its downtrend to print 5-month lows of 0.8720. A large topping
pattern is now in play with bears focusing on a break of the 0.87 level, before
challenging the ytd low at 0.8621. Bulls need to recover the 50% fibo of the
recent downtrend & 200-dma at 0.8830/37, before turning attention toward the
100-dma at 0.8886.

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