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Bears Focused On 200-DMA *RES...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bears Focused On 200-DMA
*RES 4: Gbp0.8920 Hourly resistance Sept 14
*RES 3: Gbp0.8907 High Sept 15
*RES 2: Gbp0.8867 Low Sept 14 now resistance
*RES 1: Gbp0.8832 Hourly resistance Sept 15
*PRICE: Gbp0.8784 @ 0430GMT
*SUP 1: Gbp0.8775 Low Sept 15 
*SUP 2: Gbp0.8739 Monthly Low July 14 
*SUP 3: Gbp0.8718 Low June 16 
*SUP 4: Gbp0.8703 200-DMA, 55-WMA
*COMMENTARY: The correction lower from 2017 highs continued last week with bears
now focused on Gbp0.0.8703 where the 55-WMA and 200-DMA are situated. The
sell-off looks a little overdone with O/S daily studies and Bollinger base
(Gbp0.8834) key concerns for bears. Layers of resistance are following the pair
lower with bulls now needing a close above Gbp0.8867 to ease immediate bearish
pressure and above Gbp0.8920 to shift focus back to the 55-DMA (Gbp0.9012).

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