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Bullish reversal patterns suggest.....>

EURO-STERLING: Bullish reversal patterns suggest that EURGBP has established a
bottom and the rebound from the lower end of the major descending channel is
likely to be extended. The 50-dma at 0.8784 is the initial hurdle, just ahead of
the 0.8800 level and the 100-dma at 0.8811. A break above here would trigger
significant bullish signals opening the way for the rebound to be extended
towards 0.8881. Momentum indicators are also giving bullish signals, supporting
the EURGBP recovery 

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