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

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Need Close Above Gbp0.8928
*RES 4: Gbp0.8928 High Jan 12 
*RES 3: Gbp0.8889 Bear Channel top off Aug high 
*RES 2: Gbp0.8882 200-DMA 
*RES 1: Gbp0.8836 55-DMA
*PRICE: Gbp0.8827 @ 0530GMT
*SUP 1: Gbp0.8806 Alternating hourly support/resistance 
*SUP 2: Gbp0.8769 Low Feb 26 
*SUP 3: Gbp0.8730 Low Feb 8 
*SUP 4: Gbp0.8714 Low Feb 1
*COMMENTARY: Follow through was lacking on the marginal break of the Gbp0.8776
support with immediate pressure having returned to the 55-DMA. Overall the
Gbp0.8928 resistance remains key. A close above Gbp0.8928 is needed to target
Gbp0.9013-48. While the 200-DMA caps bears retain the advantage but now need a
close below to confirm focus on Gbp0.8617-85 where the 100-WMA and 2018 low are
noted.

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