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Bulls Need Close Above..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Need Close Above Gbp0.9048
*RES 4: Gbp0.9107 Low Sept 8 now resistance 
*RES 3: Gbp0.9048 Low Aug 15 now resistance 
*RES 2: Gbp0.9038 Bollinger band top 
*RES 1: Gbp0.9033 High Oct 12
*PRICE: Gbp0.9016 @ 0430GMT
*SUP 1: Gbp0.8990 Hourly support Oct 19 
*SUP 2: Gbp0.8967 Hourly support Oct 19a 
*SUP 3: Gbp0.8958 Hourly breakout level Oct 19 
*SUP 4: Gbp0.8931 100-DMA
*COMMENTARY: Despite pressuring the 21-DMA (Gbp0.8889) bears failed to manage
the close below needed to confirm focus on Gbp0.8728-57. The recovery from the
week's lows sees the pair trading above the daily bear channel top and 55-DMA
(Gbp0.9009). Bulls still need a close above Gbp0.9048 to end bearish hopes and
shift focus to Gbp0.9107-0.9202. Bears now need a close below Gbp0.8990 to ease
bullish pressure and below Gbp0.8924 to focus on Gbp0.8854.

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