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Bearish Reversal The reversal...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bearish Reversal
The reversal in EURGBP continued yesterday as bulls failed to reclaim 0.8950,
shifting the short-term outlook negative. Bears now set their sights on the
100-dma and Aug 2 low at 0.8856/55 as they look to build on recent momentum.
Bulls now need to close above 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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