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Bears Gain Traction Below.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bears Gain Traction Below 0.8880
After failing to sustain a recovery above 0.89 yesterday the focus has returned
to the downside following the drop back below 0.8880. The Sep 20 low & 200-dma
at 0.8848/40 are now in focus ahead of the July 4 low at 0.8799. A break back
above 0.8920 is need to open the double-top resistance area at 0.8995/00 for
resumption 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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