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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: Gbp0.8984 @ 0930GMT
*SUP 1: Gbp0.8967 Hourly support Oct 19a 
*SUP 2: Gbp0.8958 Hourly breakout level Oct 19 
*SUP 3: Gbp0.8932 100-DMA 
*SUP 4: Gbp0.8886 21-DMA
*COMMENTARY: Despite pressuring the 21-DMA bears failed to manage the close
below needed to confirm focus on Gbp0.8728-57 where the 200-DMA and 55-WMA are
located. The recovery Gbp0.8854 saw the pair pop 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
Gbp0.8958 to ease bullish pressure and below Gbp0.8854 to focus on Gbp0.8728-57.

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