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Bearish Reversal The reversal in......>

EURO-STERLING
EURO-STERLING: Bearish Reversal
The reversal in EURGBP gathered pace 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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