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

EURO-STERLING TECHS
EURO-STERLING TECHS: Bears Need Close Below 200-DMA 
*RES 4: Gbp0.8967 2018 High Mar 7 
*RES 3: Gbp0.8904 Low Mar 8 now resistance 
*RES 2: Gbp0.8890 High June 29 
*RES 1: Gbp0.8869 Hourly resistance June 29
*PRICE: Gbp0.8844 @ 0430GMT
*SUP 1: Gbp0.8830 Hourly support July 2 
*SUP 2: Gbp0.8819 200-DMA 
*SUP 3: Gbp0.8779 Low June 25 
*SUP 4: Gbp0.8748 Low June 28
*COMMENTARY: Topside follow through was lacking Thursday and Friday which is a
concern for bulls when combined with daily studies at modestly O/B levels and
the Bollinger top at Gbp0.8854. Bulls now need a close above Gbp0.8904 to
confirm traction above the 55-WMA (Gbp0.8861) and above 2018 highs to confirm
focus on Gbp0.9013-0.9107. Bears now look for a close below the 200-DMA to ease
bullish pressure and shift initial focus back to Gbp0.8669-0.8715.

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