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Bearish Below 0.8950 The........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bearish Below 0.8950
The close below 0.8950 on Friday has shifted the short-term outlook negative
with neckline support from the Aug 15 and 31 lows giving way and suggesting
further downside. Bears need to break below 0.8897 to gain further downside
momentum and target the 100-dma at 0.8850. Bulls now need to reclaim 0.8950 to
shift the short-term outlook back to neutral while a break above 0.9052 is
needed to challenge the key 0.9100 area which holds the YTD high at 0.9098. 

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