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EURO-STERLING TECHS: Above 55-WMA To End Bearish Hopes
*RES 4: Gbp0.8904 Low Mar 8 now resistance
*RES 3: Gbp0.8858 55-WMA
*RES 2: Gbp0.8833 200-DMA
*RES 1: Gbp0.8807 Hourly resistance June 7
*PRICE: Gbp0.8794 @ 0430GMT
*SUP 1: Gbp0.8753 55-DMA
*SUP 2: Gbp0.8720 Low June 5
*SUP 3: Gbp0.8694 Hourly support May 30
*SUP 4: Gbp0.8678 Low Apr 26
*COMMENTARY: Last week's pop above the weekly bear channel top (Gbp0.8799) was
capped by the 200-DMA and ahead of the 55-WMA. Bears now need a close below the
55-DMA to confirm an easing of bullish pressure and below Gbp0.8694 to confirm a
return in focus to tests of 2018 lows and then Gbp0.8531 below. Bulls still need
a close above the 55-WMA to confirm traction above the channel top and target