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Bullish Theme *RES 4: 0.9187....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bullish Theme
*RES 4: 0.9187 61.8% Fibonacci retracement of the Mar - Apr decline
*RES 3: 0.9141 2.0% 10-dma envelope
*RES 2: 0.9086 50.0% Fibonacci retracement of the Mar - Apr decline
*RES 1: 0.9073 High Jun 19
*PRICE: 0.9035 @ 05:54 BST Jun 23
*SUP 1: 0.9007 Low Jun 19
*SUP 2: 0.8912 Low Jun 16 and key near-term support
*SUP 3: 0.8895/64 50-day EMA / Low Jun 9
*SUP 4: 0.8829 Low Jun 15
EURGBP is unchanged. The cross traded higher last week and Friday traded through
0.9055, May 29 high to top the double bottom projection resistance. The focus is
on 0.9086 next, a Fibonacci retracement. Firm support has been defined at
0.8912, Jun 16 low where a break is required to dampen the bullish mood and even
signal a potential reversal. This would open the 0.8895, 50-day EMA and 0.8864,
Jun 9 low.

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