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Bears Focus On 55-WMA &.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bears Focus On 55-WMA & 200-DMA
*RES 4: Gbp0.8956 High Oct 26 
*RES 3: Gbp0.8925 Alternating hourly support/resistance 
*RES 2: Gbp0.8897 Hourly resistance Oct 26 
*RES 1: Gbp0.8873 Hourly support Oct 26 now resistance
*PRICE: Gbp0.8860 @ 0430GMT
*SUP 1: Gbp0.8851 Low Oct 26 
*SUP 2: Gbp0.8817 Bollinger band base 
*SUP 3: Gbp0.8800 Low Oct 2 
*SUP 4: Gbp0.8752 200-DMA
*COMMENTARY: The rally remained capped ahead of Gbp0.8975 and the 55-DMA
(Gbp0.8993) with the aggressive sell-off and bearish close seeing focus return
to Gbp0.8725-52 where Sept lows, the 200-DMA and 55-WMA (Gbp0.8727) are
situated. The Bollinger base is the key concern for bears with potential to
limit follow through. Bulls now need a close above Gbp0.8897 to ease bearish
pressure and hint at a bounce back to Gbp0.8956-0.9048.

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