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55-DMA & Gbp8928 Levels Key.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 55-DMA & Gbp8928 Levels Key
*RES 4: Gbp0.9013 Monthly High Nov 15 
*RES 3: Gbp0.8981 High Nov 28 
*RES 2: Gbp0.8928 High Jan 12 
*RES 1: Gbp0.8917 Bollinger band top
*PRICE: Gbp0.8892 @ 0530GMT
*SUP 1: Gbp0.8854 55-DMA 
*SUP 2: Gbp0.8838 Hourly support Jan 10 
*SUP 3: Gbp0.8790 Low Dec 18 
*SUP 4: Gbp0.8780 Hourly support Dec 15
*COMMENTARY: Pops above the 100-DMA (Gbp0.8895) continue to lack follow through
with bulls now needing a close above Gbp0.8928 to confirm a break and shift
initial focus to Gbp0.8981-0.9048. Daily studies are well placed for gains
although the Bollinger band top limits follow through. Bears now need a close
below the 55-DMA to ease pressure on resistance layers and below Gbp0.8790 to
confirm focus on tests of Gbp0.8690 Dec lows.

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