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Back Through 0.89 Renewed.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Back Through 0.89
Renewed sterling buoyancy further extended the corrective pullback through 0.89
to 0.8871. EURGBP has so far struggled to gain traction with bears immediate
focus on the breakout point at 0.8850. Below here opens broken pivotal
resistance-turned-support at 0.8825, ahead of the 200-dma at 0.8782. Bulls need
to recover the Jun 11 high, before challenging the 2% upper Bollinger band &
76.4% retracement of the Jan-Mar fall at 0.8936/58.

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