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Bears In Control Below 0.90.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bears In Control Below 0.90
The rally through 0.90 was short lived as the pair dropped back through it to
keep the bears in charge for now. The downside focus remains on the Dec 31 low &
100-dma at 0.8927/04. A break opens the Dec 3 low & 200-dma at 0.8863/59, ahead
of the 61.8% pullback of the recent rally at 0.8829. Bulls need to reclaim 0.90,
before targeting the 61.8% retracement level at 0.9045, ahead of a return to the
ytd high at 0.9108.

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