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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: Gbp0.8858 55-WMA 
*RES 3: Gbp0.8819 200-DMA 
*RES 2: Gbp0.8801 High June 20 
*RES 1: Gbp0.8771 Hourly resistance June 21
*PRICE: Gbp0.8753 @ 0430GMT
*SUP 1: Gbp0.8715 Low June 15 
*SUP 2: Gbp0.8694 Hourly support May 30 
*SUP 3: Gbp0.8678 Low Apr 26 
*SUP 4: Gbp0.8664 Hourly breakout level Apr 18
*COMMENTARY: Bulls have failed to capitalise on bounces this week with the pair
remaining capped ahead of the falling TL off 2018 highs and the 200-DMA with the
55-WMA lurking just above. Bulls look for a close above the 55-WMA to shift
initial focus back to Gbp0.8967-0.9107. Bears now need a close below Gbp0.8694
to confirm focus on tests of 2018 lows and then Gbp0.8531 on a break lower.

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