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Bears In Control, For Now.......>

EURO-STERLING TECHS: Bears In Control, For Now
Bears have the edge below the 0.90 level which keeps downside focus on the Dec
31 low & 100-dma at 0.8927/01. A break opens the Dec 3 low & 200-dma at
0.8863/58, 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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