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Bears Need Close Below 55-DMA...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bears Need Close Below 55-DMA
*RES 4: Gbp0.8967 2018 High Mar 7 
*RES 3: Gbp0.8904 Low Mar 8 now resistance 
*RES 2: Gbp0.8892 200-DMA 
*RES 1: Gbp0.8865 21-DMA
*PRICE: Gbp0.8854 @ 0530GMT
*SUP 1: Gbp0.8845 55-DMA 
*SUP 2: Gbp0.8769 Low Feb 26 
*SUP 3: Gbp0.8730 Low Feb 8 
*SUP 4: Gbp0.8714 Monthly Low Feb 1
*COMMENTARY: The correction lower from 2018 highs continues to find support
around the 55-DMA. Bears continue to look for a close below the 55-DMA to shift
focus back to Gbp0.8685-0.8769 where monthly and 2018 lows are noted. Daily
studies are well placed for a fresh leg lower. The Gbp0.8904 resistance remains
key. Bulls need a close above to confirm a break of the 200-DMA, gain breathing
room and return initial focus to 2018 highs and overall focus to Gbp0.9013-48.

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