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Bears Need Close Below..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bears Need Close Below Gbp0.9149
*RES 4: Gbp0.9365 2016 High Oct 6
*RES 3: Gbp0.9256 Daily Bull channel top
*RES 2: Gbp0.9224 Weekly Bollinger band top
*RES 1: Gbp0.9210 Bollinger band top
*PRICE: Gbp0.9172 @ 0430GMT
*SUP 1: Gbp0.9149 High Aug 18 now support 
*SUP 2: Gbp0.9111 Low Aug 21, Rising Daily TL 
*SUP 3: Gbp0.9091 Low Aug 18 
*SUP 4: Gbp0.9052 21-DMA
*COMMENTARY: Fresh 2017 and 10mth highs continue with O/B daily studies a key
concern for bulls who are focused on the daily bull channel top. Layers of
support continue to emerge which add support to the bullish case. Bears still
need a close below Gbp0.9149 to gain breathing room and below Gbp0.9091 to shift
initial focus back to Gbp0.8988-0.9052. Below Gbp0.9043 remains needed to target
Gbp0.8943-94 where the bull channel base is located.

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