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Bearish Trend The downtrend.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bearish Trend
The downtrend off Monday's high continues, EURGBP breached the 0.8900 level with
bears looking to accelerate weakness and open up the 100-dma/Aug 2 low at
0.8872/54. Below here targets the 200-dma at 0.8840, ahead of the July 4 low at
0.8799. A close above 0.89 and bulls will look to build on momentum targeting
the double-top resistance area at 0.8995/00 for confirmation of the uptrend. A
break above 0.9052 is needed to challenge the 0.9100 level which holds the YTD
high at 0.9098.

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