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55-DMA Holding For Now .........>

EURO-STERLING TECHS
EURO-STERLING TECHS: 55-DMA Holding For Now 
EURGBP managed to hold above the 55-dma at 0.8627 yesterday to keep the near
term outlook neutral. A move above 0.8700 is needed to strengthen the uptrend,
bringing the March 23 high back into view at 0.8723. The 100-dma & 50%
retracement of 2019 range are placed behind at 0.8753/91. To regain the upper
hand bears look for a close below the 55-dma before targeting a break of the
0.8600 handle. Below here would extend the downtrend toward the Apr 5 low &
61.8% retracement level at 0.8557/54.

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