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

EURO-STERLING TECHS
EURO-STERLING TECHS: Bearish Breakout Below 200-DMA
Targets 0.8620 EURGBP looks to cleanly close below the 200-dma for the second
consecutive session, 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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