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Bearish Momentum Builds.........>

EURO-STERLING TECHS: Bearish Momentum Builds
EURGBP extended its decline yesterday to keep the focus on the measured move
target at 0.8620 from the head-and-shoulder formations, corresponding to the
April year-to-date low. To change the picture, bulls need to recover the 200-dma
to arrest the decline, now at 0.8839 and return the outlook to neutral.

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