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Back on The Defensive Renewed...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Back on The Defensive
Renewed GBP buoyancy took the rate back under 0.86 to extended pullback lows of
0.8560. Bears need a close below the 21-dma to extend the downtrend and return
the focus to the Mar 28 low at 0.8512, ahead of the Mar 27/Mar 13 lows at
0.8483/72. Bulls need to clear the 50-dma at 0.8657 to bring the Mar 21 high &
38.2% retracement level back into view at 0.8723/29.

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