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50-dma proves magnetic: *RES....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 50-dma proves magnetic:
*RES 4: 0.9276 High Aug 14
*RES 3: 0.9184/9207 High Aug 22 / Low Aug 8
*RES 2: 0.9131 Key resistance
*RES 1: 0.9123 High Aug 28
*PRICE: 0.9060 @ 16:26 GMT Aug 29
*SUP 1: 0.9016 Low Aug 27
*SUP 2: 0.9006/00 38.2% retrace of May 6 - Aug 12 rally / Round number support
*SUP 3: 0.8946 Low Jul 26
*SUP 4: 0.8908/8892 50% retrace of May 6 - Aug 12 rally / Low Jul 25
EUR/GBP traded either side of the 50-dma for a third session, proving the level
remains magnetic for now (0.9060 at writing). Whether this is the first sign of
an end to the recent correction, will depend on whether the cross holds above
0.9016. A return lower would open 0.9000 and the late July lows of 0.8946 /
0.8892. Alternatively, gains above Wednesday's 0.9123 high would open 0.9184.

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