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Bias Tilting Higher EURGBP......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bias Tilting Higher
EURGBP remains locked in a narrow 0.8870-0.8920 range so far Monday, with a
break either side needed for clearer direction. The cross closed the week at
0.8902, keeping bullish hopes alive. Resistance remains at 0.8920 ahead of
recent cycle highs at 0.8933. Above here exposes the 2% upper Bollinger band &
76.4% retracement of the Jan-Mar fall at 0.8940/53. Bears look to clear initial
support in the 0.8870/75 area, followed by the breakout point at 0.8850. Below
opens broken pivotal resistance-turned-support at 0.8825, ahead of the 200-dma
at 0.8791. 10-dma 0.8888.

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