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Bearish Trend Remains at Risk...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bearish Trend Remains at Risk
The broader bearish trend remains intact but at risk as markets staged a test of
the 0.86 handle. A break above here would go a long way to turning the near-term
outlook neutral and would open resistance at the 21-dma at 0.8606. This would
open 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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