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Bearish Focus *RES 4: 0.8531....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bearish Focus
*RES 4: 0.8531 High Dec 4
*RES 3: 0.8509 High Dec 12 and key resistance
*RES 2: 0.8457 High Dec 13
*RES 1: 0.8393 Low Dec 9
*PRICE: 0.8317 @ 05:46 GMT Dec 16
*SUP 1: 0.8277 Low Dec 13
*SUP 2: 0.8213 1.500 projection of Aug 12 - Sep 20 sell-off from Oct 10 high
*SUP 3: 0.8149 1.618 projection of Aug 12 - Sep 20 sell-off from Oct 10 high
*SUP 4: 0.8071 1.764 projection of Aug 12 - Sep 20 sell-off from Oct 10 high
EURGBP traded sharply lower Friday, once again clearly confirming a resumption
of the downtrend that has been in place since Aug 12. The cross breached a major
support at 0.8305, low May 12, 2016. This level also represents the base of the
broad range price has been trading within since peaking in July 2016. A clear
break of the range base would represent a significant bearish reversal. Initial
resistance is seen at 0.8393.

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