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Bearish Trend at Risk The.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bearish Trend at Risk
The broader bearish trend remains intact but at risk as we have moved above
0.8550 this morning and challenged the 200-hma which comes in at 0.8572. Above
here resistance can be found around the 21-dma at 0.8606 with a break of this
level opening up the March 11 high at 0.8675 which would suggest a bullish
reversal. Bears initially need to reclaim 0.8550 before looking to the ytd low &
long-term 38.2% retracement level at 0.8472/68 to extend the downtrend.

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