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Above Gbp0.8928 To Shift........>

EURO-STERLING TECHS: Above Gbp0.8928 To Shift Focus Higher
*RES 4: Gbp0.8928 High Jan 12 
*RES 3: Gbp0.8873 100-DMA 
*RES 2: Gbp0.8854 55-DMA 
*RES 1: Gbp0.8846 High Jan 19
*PRICE: Gbp0.8817 @ 0530GMT
*SUP 1: Gbp0.8790 Low Dec 18 
*SUP 2: Gbp0.8780 Hourly support Dec 15 
*SUP 3: Gbp0.8759 Lows Dec 14 & 15 
*SUP 4: Gbp0.8690 Monthly Low Dec 8
*COMMENTARY: Failure to gain traction above the 100-DMA (Gbp0.8877) and
rejections ahead of Gbp0.8928 resulted in a sell-off and closes below key DMAs
that sees focus back on Gbp0.8690-0.8790. Bears look for a close below Gbp0.8690
to reconfirm a bearish bias and target tests of Gbp0.8313-80 where 2017 lows are
noted. Bulls now need a close above the 21-DMA to ease renewed bearish pressure.
Above Gbp0.8928 shifts initial focus to Gbp0.8981-0.9048.

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