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55 & 100-DMAs Key Resistance....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 55 & 100-DMAs Key Resistance
*RES 4: Gbp0.8906 100-DMA 
*RES 3: Gbp0.8887 Hourly resistance Jan 5 
*RES 2: Gbp0.8851 55-DMA 
*RES 1: Gbp0.8834 Hourly resistance Jan 8
*PRICE: Gbp0.8820 @ 0530GMT
*SUP 1: Gbp0.8790 Low Dec 18 
*SUP 2: Gbp0.8780 Hourly support Dec 15 
*SUP 3: Gbp0.8759 Lows Dec 14 & 15 
*SUP 4: Gbp0.8690 Monthly Low Dec 8
*COMMENTARY: Having looked heavy Monday bears were not disappointed with closes
below key supports that sees focus back on the Gbp0.8690-0.8790 support region.
Overall bears need a close below Gbp0.8690 to confirm a bearish bias and
initially target the 100-WMA (Gbp0.8547). Bulls still need a close above the
55-DMA to ease bearish pressure and above the 100-DMA to shift focus higher.

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