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Back Below 200-DMA EURGBP.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Back Below 200-DMA
EURGBP closed below the 200-dma at 0.8865 yesterday, further strengthening the
bearish outlook and bringing the 61.8% retracement level into view at 0.8829.
Below here would open a run at the Nov 13 low at 0.8656. Bulls need to recover
the 200-dma to stabilise the outlook and target Tuesday's high at 0.8985 to
return the outlook positive. Above here would open the congested 0.9060/65 area
ahead of the ytd Jan 3 high at 0.9108.

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