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Bulls Needs to Clear 50%........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Needs to Clear 50% Retracement
EURGBP based ahead of the 100-dma this week, and at the time of writing was
challenging the Dec 4 high of 0.8945 and on track for its highest close since
Sep 24. To confirm a bullish break EURGBP needs to clear the 50% retracement
level at 0.8964, before targeting a run at the psychological 0.90 area. Bears
look for a close below the 100-dma at 0.8885 to regain control, opening the
200-dma & Nov 28 low at 0.8837/10.

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