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A Tale Of Two Trendlines........>

EURO-STERLING TECHS
EURO-STERLING TECHS: A Tale Of Two Trendlines
EURGBP's short-term uptrend remains intact and yesterday the cross broke above
medium-term down trendline resistance from the Aug 28 highs. This latter
trendline now provides support along with the 50% YTD retracement from at
0.8867/60. The recovery would receive fresh upside momentum on a break above the
100-dma at 0.8883, opening a move to 0.8916. Bears need to close back below up
trendline support/200-dma at 0.8843/36 to shift the focus to the downside.

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