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Bearish Breakout Below..........>

EURO-STERLING TECHS: Bearish Breakout Below 200-DMA Targets 0.8620
EURGBP broke cleanly and closed below the 200-dma Friday, triggering a
head-and-shoulder pattern that targets a move down to 0.8620, the year-to-date
low. Bears are firmly in control and bulls need to recover the 200-dma to arrest
the decline, now at 0.8839 to return the outlook neutral. Above here opens the
double-top resistance area at 0.8995/00, ahead of the ytd high at 0.9098.

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