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

EURO-STERLING TECHS
EURO-STERLING TECHS: Bears Need Close Below Gbp0.8826
*RES 4: Gbp0.8981 High Nov 28 
*RES 3: Gbp0.8934 100-DMA 
*RES 2: Gbp0.8922 Low Nov 27 now resistance 
*RES 1: Gbp0.8890 High Dec 21
*PRICE: Gbp0.8876 @ 0530GMT
*SUP 1: Gbp0.8826 Low Dec 20 
*SUP 2: Gbp0.8780 Hourly support Dec 15 
*SUP 3: Gbp0.8759 Lows Dec 14 & 15 
*SUP 4: Gbp0.8736 Hourly resistance Dec 8 now support
*COMMENTARY: The pops above the bear channel top (Gbp0.8860) have lacked follow
through which is a concern for bulls who are currently focused on Gbp0.8922-81
where the 100-DMA is found. Bulls need a close above Gbp0.8981 to shift initial
focus to Gbp0.9048-0.9107. Layers of support remain with bears continuing to
look for a close below Gbp0.8826 to shift initial focus back to
Gbp0.8690-0.8759.

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