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Above 55-WMA To End Bearish.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Above 55-WMA To End Bearish Hopes
*RES 4: Gbp0.8904 Low Mar 8 now resistance 
*RES 3: Gbp0.8859 55-WMA 
*RES 2: Gbp0.8830 200-DMA 
*RES 1: Gbp0.8815 Bollinger band top
*PRICE: Gbp0.8804 @ 0430GMT
*SUP 1: Gbp0.8786 Hourly support June 12 
*SUP 2: Gbp0.8754 55-DMA 
*SUP 3: Gbp0.8720 Low June 5 
*SUP 4: Gbp0.8694 Hourly support May 30
*COMMENTARY: Pops above the weekly bear channel top (Gbp0.8799) remain 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, ending bearish hopes
and and targeting 2018 highs.

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