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Above Gbp0.9064 To Ease.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Above Gbp0.9064 To Ease Bearish Pressure
*RES 4: Gbp0.9094 Hourly resistance Sept 11
*RES 3: Gbp0.9064 Hourly support Sept 12 now resistance
*RES 2: Gbp0.9039 High Sept 13
*RES 1: Gbp0.9015 Hourly resistance Sept 13
*PRICE: Gbp0.8993 @ 0430GMT
*SUP 1: Gbp0.8981 Low Sept 12 
*SUP 2: Gbp0.8915 Monthly Low Aug 1 
*SUP 3: Gbp0.8888 Low July 27 
*SUP 4: Gbp0.8848 21-WMA
*COMMENTARY: Bears capitalised on the correction from 2017 highs with the pair
trading below the 55-DMA (Gbp0.9014). Bears look for a close below Gbp0.8981 to
confirm a break of the 55-DMA and shift initial focus to Gbp0.8888-0.8915. O/S
daily studies and the Bollinger base (Gbp0.8995) are key concerns for bears with
potential to limit follow through. Bulls need a close above Gbp0.9064 to ease
immediate bearish pressure and above Gbp0.9153 to target Gbp0.9213-37.

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