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Bearish Signals Under 0.8950....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bearish Signals Under 0.8950
Failure to reclaim 0.8950 in Europe has shifted the short-term outlook negative
with neckline support from the Aug 15 and 31 lows giving way and suggesting
further pressure. Bears need to break below 0.8897 to gain further downside
momentum and target the 100-dma at 0.8855. 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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