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Bulls Need to Clear 0.90........>

EURO-STERLING TECHS: Bulls Need to Clear 0.90
Despite reversing back through 0.90 last week, EURGBP remained clear of the
prior range highs. Bulls need a close above 0.90 to reignite upside momentum,
before focusing on the heavily congested 0.9090/00 zone for the next leg higher.
This area also holds the GBPEUR equivalent of E1.10 which is seen as a key
psychological level. Bears continue to target a break of the 100-dma at 0.8892
to confirm a reversal pattern, opening the 200-dma & Nov 28 low at 0.8840/10.

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